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Because of the drought will extend loans to farmers

August 4 2009

Minister of Agriculture Elena Skrynnik reported that the Russian government decided to prolong for one year loans to agricultural producers affected by drought.

"Based on requests from the governors will subsidize the interest rate for one year, loans will also be prolonged for one year - not for nine months and one year, with payment of a subsidized interest rate", - said Skrynnik. The Minister participated in a meeting in Orenburg on the harvest in the country.

Another measure of assistance to regions affected by drought, will be the issuance of trade credit in the form of grain from the intervention fund companies that are engaged in livestock and crop production, up to three years, reports RIA Novosti .

Skrynnik noted that the assistance will be provided in the context of the needs of each region. "

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