Impact of new economic and geopolitical reality on development strategy of agricultural production in the south of Russia

The prevailing macroeconomic and geopolitical conditions have a significant impact on regional social and economic processes. Strategies of sectoral and territorial development are being transformed under the influence of digitalization, innovative approaches to real sector management of the economy. The agro-industrial complex of Russia has achieved significant results over the past decade with state support, especially in the southern regions, whose climatic conditions are predisposed to increased specialization in the field of crop production. The development of agricultural business in the Southern Federal District is consistently developing in accordance with target priorities and forecasts, the achievability of which is connected with the effectiveness of stabilization and adaptation of agricultural production to new geopolitical realities. The purpose of the study is to assess and analyze the impact of global situational trends on strategic goals and results of agricultural production in the Southern Federal District. The article describes the existing mechanisms of agricultural business development and the impact on agricultural production, identifies promising support methods. The forecasts of the industry development and targets in the medium and long term are studied, the main factors of the influence on the scenarios of agricultural business development are determined, conclusions are drawn about the achievability of the forecasted indicators. It is necessary to use the current conditions to change sales markets and develop a new long-term basis for strategic cooperation with regions and other countries interested in receiving Russian products. The measures taken to stimulate agricultural production will have a positive impact on the volume of products and the pace of modernization, especially if demand trends are quickly adjusted to the production cycle and the management system of business structures. As a result of the conducted research, it can be assumed that the conditions for the stabilization of agricultural production are the rates of large networks development in combination with state support for small and medium-sized agricultural business.