THE PLACE AND ROLE OF GRAIN FARMING IN THE EFFECTIVE IMPLEMENTATION OF THE PHASE-OUT OF IMPORT POLICY OF FOOD PRODUCTS
There has been investigated the influence of the devaluation of the rouble and the increase of the interest rate as the instruments of government management of the economy on the grain farming development. The reliability of the nation’s subsistence support in the setting of food embargo is determined by the level of the grain farming development. The circumstance and the legal conformity of changes in the structure of state support of agricultural organizations in Kursk region are investigated in the article: the beginning of the crisis in the nation’s economy leads to the subsidies’ growth of compensation for expenses on payment of interest on loan while the other directions of state support in the region are reduced. We have concluded that state support has a compensatory character, but not stimulative. So, its structure is not effective. It is the result of the wrong state monetary policy, which is realized at the present point in time. We have also considered the instruments of the governmental regulation of the agricultural production. These instruments can accelerate the process of the phase-out of import in the grain farming, they can also stimulate the investment attractiveness and provide the effective development of the branch.