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The Ministry wants to concentrate state support of agricultural machinery in concessional lending and leasing
The Ministry proposes to extend measures of state support of agricultural machinery without compromising their budget compared to last year, said the Deputy head of Department Alexander Morozov reporters in St. Petersburg on Friday.
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"We need to use well-established abroad, measures for loans, leasing. These are the programs that allow big financial institutions to use their capital to stimulate demand (for equipment - if). For us, it's guaranteed the order, accelerating the pace of technical equipment of farmers, growth of labor productivity," - said Morozov.

"We believe that the need to stimulate demand through two of the most progressive measures of support - preferential loans, preferential leasing. We should use the government to quickly launch this program," he added.

According to Morozov, the proposed measures will promote competition not only producers of agricultural machinery, but the creators of financial instruments, which "will compete for the best reasonable rates on loans and rates on leasing".

"Stimulation of demand will occur due to the fact that we will bring to the industry an additional amount of financial resources", - said Morozov.

According to him, funding of state programs to support demand "shall not be less than last year."

Morozov also said that the Ministry expects the growth of total production volume by 15% in 2019.

"We are showing good progress in the development of domestic technical base of the agroindustrial complex. The total production of agricultural machinery in recent years has reached double digits", he said.

According to him, export of agricultural machinery "is growing in double digits".

"Last year showed an increase of more than 40% of the production of agricultural machinery, this year we do not fall below 15%. It all depends on how will the success of agricultural producers abroad," - said Morozov.

He added that currently the capacity utilization for the production of self-propelled vehicles does not exceed 40%.

"We have now is actually two-fold margin of production, which we can give the country with the growth of exports," he said.

As reported in this year's funding for technical and technological modernization of agriculture in the Federal budget will allocate 8 billion rubles.

 

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Translated by service "Yandex.Translation"
Источники: Dairynews
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