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Россия 13.01.2014

Russian government to allocate 3.2 bln rubles to dairy farmers for feed needs

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In general it is planned to allocate 9.5 bln rubles to support dairy industry.

In general it is planned to allocate 9.5 bln rubles to support dairy industry. Though Russian Ministry of Agriculture predicts 4% decrease in milk production in 2014 as dairy cattle population has decreased due to feed production fall. At the end of 2013 it was decided to extend investment loans’ period in dairy sector from 8 to 15 years and to increase interest rate allowance from 80% to 100% using budget funds.

According to the Ministry, the above mentioned measures will allow to improve financial and economic performance of dairy farmers, increase production profitability, cut investment pressure by half and financial pressure almost also by half.

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