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WB recommends to develop mechanisms to Finance the digitalization of small farms in Russia
World Bank experts believe that for a successful transition to the digitalization of agriculture we need to continue to develop the existing ecosystem.

Development of financing mechanisms for technology adoption among small farmers may be one of the conditions for the accelerating digital transformation of the agricultural sector in Russia. Such recommendation is contained in the world Bank's report on the digital economy development of Russia "Competition in the digital age".

According to experts of the Bank, major agribusinesses have already achieved certain results, using new digital technologies. Thus, the government needs to focus on attracting small and medium enterprises to work with digital tools that will allow farmers to increase revenue and productivity.

The world Bank also notes that for a successful transition to the digitalization of agriculture must continue to develop the existing ecosystem consisting of all the stakeholders in the industry — farmers, manufacturers, logistics operators, etc. Another measure could be the launch of the open digital platforms for farmers and agricultural societies to provide them with the required information and search for clients.

In addition, an accelerated transition may contribute to the start of the program for professional development. This will help farmers to "understand and effectively use digital tools and to encourage widespread testing and development of digital tools", States the report.

The Bank's experts noted that in 2018, began the development direction of the "Digital agriculture" in the framework of the "Digital economy". It is expected that the project will be submitted to the RF government before the end of this year. "The goals of the project are ambitious and include the growth of agricultural exports from $ 20 billion in 2018 to $ 45 billion by 2025, increase industry contribution to GDP to 8.9 trillion, as well as improving efficiency and productivity in the industry, lowering production costs, creating new high-tech and knowledge-intensive products and services and improving overall quality of life in rural areas", — stated in the document.

Source: https://zen.yandex.ru/media/agronovosti



Translated by service "Yandex.Translation"
Friday, 14 August 2020
Thursday, 13 August 2020
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