Preferential investment loans for agrarians have doubled in price

Since the beginning of the year, agrarians have started to face twofold write-offs of funds on favorable existing investment loans issued to them at 5% per annum. This was told to "Izvestia" by agricultural producers themselves, as well as confirmed in specialized associations and banks.

With grain minus: banks have started to refuse to grant soft loans to agrarians

The Ministry of Agriculture has already declared its readiness to redistribute the freed limits

"We inform you that the Ministry of Agriculture of the Russian Federation has approved a decision on the procedure for granting a subsidy, which amends the terms of preferential lending under existing investment loan agreements concluded within the framework of the decree, and sets for 2025 the size of the rate up to 50% of the key rate of the Bank of Russia," reads Sberbank's reply to Evgenia Beschetnova, head of the farm Savia-Food LLC from the Samara region, which was read by Izvestia.

As Beschetnova explained, the loan was taken in 2022 at 5% for the purchase of equipment, but suddenly, without notice, the rate was increased and the funds were written off in double amount.

Information about the increase in the rate on investment loans was confirmed in the association "People's Farmer".

Read more in the exclusive material of "Izvestia":

Percentage of severity: soft loans for agrarians have doubled in price