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The Ministry of Agriculture has distributed capital expenses for farmers

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The Ministry of Agriculture recently held a meeting on selection of investment projects directed at construction and modernisation of the agricultural industry. According to the text of the meeting minutes, annual subsidies of 13 billion rubles were confirmed, of which about 6 billion rubles were directed to creation and modernisation of dairy complexes.

In the near future, 61 projects for milk production will receive subsidies of 5,94 billion rubles. Estimated total cost of the projects to which the subsidies will be allocated is 25 billion rubles.

For greenhouse complexes, planned subsidies amount to a total of over 7 billion rubles, for projects whose total cost is an estimated 76,5 billion rubles.

For food storage, planned subsidies amount to 602 million rubles, against estimated total project costs of 3,7 billion rubles.

Source: The Dairy News

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