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Despite subsidies from the federal budget, the availability of credit resources in agriculture of the Far Eastern Federal District is significantly reduced

The Government of the Russian Federation approved an order on the allocation in 2015 of the amount of subsidies from the federal budget to the constituent entities of the Russian Federation for co-financing compensation for part of the costs of agricultural commodity producers on interest on investment loans.

So, for agricultural producers of the Khabarovsk Territory, 4 thousand rubles were allocated to reimburse part of the interest rate on investment loans in the field of crop production, and 734,1 thousand rubles in the field of animal husbandry.

As EastRusssia was informed in the Ministry of Agriculture and Food of the region, in the regional budget for these types of support, 18 095,7 thousand rubles are planned.

Agricultural producers of the Krai receive state support for reimbursement of a part of the interest rate on investment loans in crop production - for the purchase of machinery and equipment, in livestock - for the construction, reconstruction and modernization of livestock complexes, and for the purchase of machinery and equipment.

The enterprises of the industry are credited with OJSC Sberbank, OJSC Rosselkhozbank, OJSC Alfa-Bank, OJSC Svyazbank, OJSC Far Eastern Bank.

In order to reduce the debt burden on agricultural producers, the Ministry of Russia amended the Rules for granting and distributing subsidies from the federal budget by the budgets of the constituent entities of the Russian Federation to reimburse part of the cost of paying interest on investment loans.

On investment loans in 2015, compensation from the federal budget will be 100% of the refinancing rate and 20% of the refinancing rate from the regional budget. Thus, the agricultural commodity producer is compensated 9,9% per annum (8,25% of the federal budget, 1,65% of the regional budget).

The average rate on current loans is 13-16% per annum, therefore, payments will be 3,1-6,1% per annum. Interest rates on new investment loans increased on average to 28-35% per annum, which is due to the increase in the CBR's key rate to 17%, which means that interest on new loans is from 8,1% to 15,1% per annum.

Moreover, in addition to the increase in rates on bank loans, the issue of deteriorating the availability of bank loans also includes the suspension of concluding loan agreements for previously approved loans and increasing the requirements for their provision.

Thus, in the context of increasing the credit burden on agricultural enterprises more than 3 times, as well as tightening the terms of delivery, the availability of credit resources is significantly reduced - explained EastRussia Deputy Prime Minister of the Khabarovsk Territory - Minister of Agriculture and Food of the Territory Alexander Petrovich Yats.

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