27 November, 16:30
The Russian Ministry of Agriculture: Measures to Dairy Industry Support in 2019 to Continue While Capital Costs Are to Be 25%
This was stated by Oksana Lut, Deputy Minister of Agriculture, at the International Agro-Industrial Dairy Forum in the Moscow Region.
"The dairy industry is the most supported sub-sector of the agribusiness. We have preferential financing. Since the very beginning of the relevant government resolution, we have signed loan agreements for 350 billion rubles. This is the largest amount of support for the sub-sector. We have extended the capital cost recovery program for 2019. The amount of capital costs reimbursement will be 25%. There is a support for cattle breeding left, some regions provide support for a liter of milk. The industry is maximally covered by all supportive measures", Oksana Lut said stressing that those measures would be maintained until the necessary level of the provision under the government program is reached. According to Oksana Lut, the support measures will also go to farmers and milk-producing cooperatives.
"Hopefully, this year there'll be global growth in the dairy industry," the Deputy Minister of Agriculture added.