Ministerial Decree No. 723 regarding the arrangements for economic stabilization and promotion of reforms in agro-industrial complex.

Subject

Agricultural & rural development

Keyword

Credit Subsidy/incentive Cooperative/producer organization Financial agricultural measures Smallholders/peasants

Geographical area

Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific

Abstract

The Government decrees as follows: 1) Ministry of Agriculture and Food, Ministry of Economy, Ministry of Finance jointly with other federal and regional executive bodies must provide for assistance in the setting up and functioning of efficient economic structures in agro-industrial complex with the use of means stationed by the federal budget for support of agricultural organizations irrespectively of the form of property and organizational and legal form, state financing of structural transformation of the agricultural organizations, improving financial position of unprofitable agricultural enterprises, information backing and personnel selection for the promotion of agrarian reform financed from federal budget, republican budgets and extra-budgetary sources, promotion of agricultural cooperation as a priority direction of the agrarian reform, including support for setting up by the producers of agricultural commodities of production, processing, providing and trading, agro-servicing, crediting, insurance and other types of cooperatives, incentives for the newly-set peasant farms for the initial purchase of agricultural equipment. 2) Ministry of Economy, Ministry of Agriculture and Food and Ministry of Finance must envisage in the drafts of federal budget of separate financing of investments in agro-industrial complex to be distributed through tenders, concession of budgetary finances on repayable basis destined for construction, extension and re-construction of agricultural and processing enterprises and subsequent use of the repaid credits for the same purposes.

Full text

Russian

References - Legislation

Implements

Presidential Decree No. 565 regarding the arrangements for economic stabilization and promotion of reforms in agro-industrial complex.

Legislation | Russian Federation | 1996

Keyword: Credit, Agricultural commodities, Farming, Agricultural development, Cooperative/producer organization, Financial agricultural measures, Smallholders/peasants

Source: FAO, FAOLEX