I got it for $30
"For high performance in socialist competition"
I plugged it into google translarte.
this post was submitted on 02 Oct 2023
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I took 5 minutes trying to decipher Russian Cyrillic cursive only to be outdone by OCR 
Skill issue
Award for being the One True Leftist
as i recall workplaces would regularly have competitions against each other to try and outproduce one another and if you won you'd get a little parade and medals and such
i also have a similar flag
It's an award for "increasing the bull semen production of Gorno Badakhshan Autonomous Oblast by 18%, 1963”
Cumtown merch (says "Adam should have bought a breakfast sandwich")