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By 2024 Russian agriculture will attract twice more investment

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The Ministry of Agriculture is working on the plan of agricultural development of the country, according to which the industry will attract twice more investment in five years.

Oksana Lut and Elena Fastova, Deputy Ministers of Agriculture, conducted a meeting with the representatives of agricultural businesses, statesman from the agricultural sector and the Ministry of Economic Development. All together they discussed ways of increasing capital flows into the industry. Highest-level leaders of the country are waiting the share of agriculture in the gross domestic product to reach 25%.

The Government approved the plan of actions, according to which, by 2024 the amount of financial flows in the agriculture, forestry, hunting and fishing will grow up to 822 b roubles, while two years ago their volume equalled 444 b roubles. Average annual increase comprised 4.5%. Great attention will be paid to the food industry: by 2024 food products output will reach the amount of 356 b roubles. In 2017 this figure compiled 192 b roubles.

Source: ROSNG

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