Formation and development of the food market

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Visnyk LNAU: Economics of AIC 2020 №27: 138-140

Formation and development of the food market

Ivanitskyi I., Ph.D.,
Smolinskyy V., Ph.D.
Lviv National Agrarian University

https://doi.org/10.31734/economics2020.27.138

Annotation

The realities of the functioning and development of market relations require the application of new approaches to the restructuring of the state economy. They must provide solutions to market infrastructure problems, proportional development of infrastructure and material production, creating conditions for the construction and using of efficient distribution systems of products in goods and services markets.

In the course of market transformations, various organizational and legal forms of management are developing, which contributes to the creation of a competitive environment and the expansion of the range of food products.

The agro-industrial complex is the main source of food supply to the markets. Sustainable and balanced development with the orientation of production to the level of reasonable food standards, with the efficient use of production and resource potentials is a defining principle of qualitative improvement of food supply.

The role of state institutions in regulating market relations should be strengthened, especially in such an important area as food production. Achieving sustainable development of the food market should be regulated at the state level. In countries with developed market economies, most food prices are under state control.

Effective functioning of food and agricultural markets is a precondition for successful food security of the state.

The food market is a specialized market that reflects the system of relationships between food producers and their consumers.

The development of the food market depends not only on improving the efficiency of agricultural production, but also to an even greater extent on the level of agricultural workers income.

Key words

market, food, food security, agricultural sector

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