The Ministry of Agriculture has declared a lack of 40 billion rubles for subsidies to farmers

Ministry of Agriculture of the Russian Federation in 2017, additional funds to subsidize the rate of short-term loans and the reimbursement of capital costs to farmers.
This was announced by the Minister of Agriculture of the Russian Federation, Alexander Tkachev, speaking at a forum in the framework of the exhibition "Golden Autumn".
"We need additional funds of the order of 30-40 billion rubles to cover the country's needs for one year", - said the head of department.
According to the Ministry of Agriculture, to subsidize interest rates on subsidized loans will require about 30 billion rubles, and in the recovery of capital costs - 10 billion.
Now for 2017 draft budget provides for only 5 billion rubles to support concessional lending at a rate of no more than 5% per annum. Such a mechanism will be operational from 1 January. It is also proposed to increase the recovery of capital costs to farmers for the construction and modernization of dairy farms with 20 to 35%, and in the Far Eastern Federal District - up to 40%.