Investments in Russian agriculture decreased by 4%
Innovation & Technology
Published Dec 8, 2023
Investments in Russian agriculture, forestry, and aquaculture decreased by four percent in the first nine months of the year compared to the same period last year, and the balanced financial result decreased by 16 percent. This was due to a shortage of own funds and lower prices in certain commodity markets. Some major projects in the agricultural sector were put on hold, but some manufacturers were able to implement their plans with prompt access to preferential loans and subsidies, particularly in Dagestan and Kuban.
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Investments in Russian agriculture in January-September of this year decreased by four percent from the same period last year. Such data are presented in the recent report of the Russian Central Bank “Regional Economy”. Also, for the same period, the balanced financial result (profit from the sale of goods, products, works, services, fixed assets and other property of organizations and from other operations less expenses on them - ROSNG) decreased by 16 percent year-on-year. Such data takes into account indicators not only for agriculture, but also for fisheries and aquaculture, as well as forestry and hunting, separately from it. The reason for this was a shortage of own funds, including those associated with lower prices in certain commodity markets. It is noted that its level remained higher than for similar periods of the last five years. Analysts predict an increase in the debt burden of the Russian agro-industrial complex The report also provides data on some major projects ...