The krai's head of administration Mikhail Yevdokimov died in a car crash on August 7, 2005.
The krai's economy depends on agriculture and granted by the Russian government.
As of the 2002 Russian census, Russians form an overwhelming majority of the population, at 92%. Germans are the second-largest group, at about 3% (see Mennonite settlements of Altai). Other groups include Ukrainians (2%) , Kazakhs (0.4%) , Tatars (0.35%), Belarusians (0.32%), Armenians (0.31%), and people of other nationalities.
Altai Krai is located in the Novosibirsk Time Zone (NOVT/NOVST). UTC offset is +0600 (NOVT)/+0700 (NOVST).
There are more than 2000 industrial companies operating in both heavy and light industry. The leading sectors are the power, engineering, chemical and petrochemical, building material, textile, and light industries. Output is currently increasing in certain industries for the first time since perestroika. This increase is particularly noticeable in the flour-, grain-, and feed-milling and chemical and petrochemical industries and in individual heavy industry sectors, tractor production.
Small and medium business is developing rapidly in Altai Territory, which is a necessary condition for economic stability and growth. Today, nearly a quarter of the entire working population is employed in this sector.
Today, farmland covers an area of 110,000 km², of which 69,220 km², or nearly 41% of the total area of the territory, is cropland. The main crops are hard varieties of spring wheat, buckwheat, millet, peas, barley, oats, and potatoes and other vegetables. This is this only region of Siberia where sunflowers, soybeans, sugar beets, and certain kinds of fruit grow.
In 1960, the State Economic Council under the Council of Ministers of the USSR carried out comprehensive zoning of Altai Territory, which divided the territory into seven natural and economic agricultural zones. Wide temperature swings are characteristic of the territory's climate, so that ensuring harvest stability is not easy. It requires a specific approach to developing cropland in order to increase farming efficiency. The Kulundinskaya Plain, the Priobskoe Plateau, and the left and right banks of the Ob River are well developed agriculturally. Natural fodder land, including hayfields and pasture, occupies 39,060 km², which includes 11,930 km² of hayfields and 27130 km² of pasture.
Livestock farming specializes in meat, milk, wool, and egg production. Altai Territory is a major wool producer and an important base for breeding fine-fleeced pedigreed sheep, which makes it possible to export more than 30,000 head of pedigreed sheep per year. The territorial market also offers pedigreed swine, poultry, meat, eggs, honey, and wild products such as deer antlers, furs, and pelts.
Fruit-growing in Altai is made possible by specialists of the internationally known Lisavenko Horticultural Research Institute, which has developed a range of fruit and berry varieties adapted to the climate.
Today, Altai Territory not only meets the agricultural product requirements of its own population, but also the requirements of many other Russian regions. Altai exports many kinds of cereals, as well as processed grain products such as wheat and rye flour, pasta products, sugar beets, sunflower seeds, and flax fiber. The territory is Siberia's largest grain, sugar, and meat producer and its second-largest cheese producer.