Volga Baikal AGRO News Update on the Results – 2021 !!!
2021 brought a lot of problems: from adverse weather conditions & the spread of the African swine fever and Avian influenza to the rise in the cost of means of production and new measures of state regulation of the market. All this affects both production volumes & business profitability. In general, 2021 got much more difficult & complicated compared to 2020, but, nevertherless, 2021 was rather successful but questionable, at the same time, for the farmers & large scale agricultural business.
On the one hand, everyone expected the continued growth of the industry: agricultural sector was one of the few which was able to overcome successfully all the lockdowns & to work effectively under the pandemic: for example, in 2020, the agricultural industry even showed records in certain areas: exports of agricultural products exceeded imports for the first time! On the other hand, in 2021, the industry faced new challenges which are partly the delayed consequences of the pandemic: a shortage of labor resources & the dynamics of the world prices for means of production.
To be continued in the tomorrow post.
Stay with Volga Baikal AGRO! Together Ahead!