The profitability of agricultural production in Russia dropped to 18% by the end of 2023. Deputy Minister of Agriculture Elena Fastova spoke about this issue at the press conference.TASS.
According to Fastova, at the beginning of February, the Ministry of Agriculture estimated the sector’s profitability at 18.9%. He reminded that this figure is 20.3 percent in 2022. Government subsidies are taken into account in the figures presented.
Fastova also informed that the income of agricultural organizations increased by 7 percent this year, reaching approximately 5 trillion rubles. However, the deputy minister announced that preliminary data was given because agricultural producers still continue to submit reports.
Before that, the government of the Central African Republic in the name Russian investors will invest in agriculture and livestock to develop the economy and create employment.
Previously in Poland I suspected Success of grain negotiations with Ukraine.