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35 billion rubles have been allocated to agricultural development in the Rostov region through 2030

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As specified recently in materials supplied by the Rostov regional government, 35 billion rubles have been allocated for development of the region’s agricultural industry through 2030. Funding will be allocated from two levels – both federal and regional, said local Minister of Agriculture and Food Production Konstantin Rachalovsky.

“We’ve awaited increases in capital inflows to the agricultural and fish-production industries, as well as growth in their production indicators” he explained. It is hoped that the programme’s realisation will increase overall agricultural production by a quarter, and the area of agricultural land reclaimed for use by 48,800 hectares.

Additionally, there are broader hopes that overall increases in the financial sustainability of the agricultural industry will support increases in its profitability. Under current projections, in eleven years, margins are expected to hit 17%.

Source: Business Community

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