January 4, 2006

USDA: Improved livestock genetics become a priority in Russia
 

The Agricultural National Priority Project (ANPP) announced in September 2005 by President Putin aims to expand the quantity (and reduce the price of leasing) of pedigree livestock--dairy cattle, swine, beef and poultry--by expanding rural credit. 

The Coordination Council created to implement this agriculture development project is considering a draft resolution that would subsidize interest rates. This resolution will be submitted to the Finance Ministry in January 2006.

Genetics will be supported by subsidies that will reimburse the interest expense of loans for private farms, individuals, and agricultural consumer cooperatives for up to eight years on the condition that the loans were received from Russian credit institutions for the construction, refurbishment and modernization of livestock farming facilities.

For the full USDA report, click here.