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Farmers allowed food prices to rise due to lack of soft loans

Businesses have warned that the lack of concessional funding could drive up food prices. Writes about this "Kommersant".

The exhaustion of concessional loans to the sowing company led to the fact that the Ministry of Agriculture decided to stimulate agribusiness to receive loans at a commercial rate. At the same time, 10 billion rubles will be allocated to support farmers in the near future. in the form of preferential loans, but it was decided to give priority only to grain producers.

Experts considered that concessional loans are issued at 4%, while commercial loans with a tendency to increase the key rate will be issued at 12-13%. Due to the reduction of limits, the costs of farmers will increase. For example, the situation is critical for the livestock industry. If there are no new soft loans, then the cost of meat and milk production will increase by at least 5%, which will affect the final cost of products.

The head of the National Meat Association, Sergei Yushin, noted that some companies may not receive any loans at all. This is due to the fear of banks, as the state is trying to regulate the price of food, which has become an additional risk.

In early February, one of the participants in an interdepartmental meeting on stabilizing food prices said that the Ministry of Agriculture, together with the Ministry of Industry and the Federal Antimonopoly Service (FAS) of Russia, decided to develop a list of products with a trade margin of up to 5%.

Farmers allowed food prices to rise due to lack of soft loans