Vladimir Kashin: the profitability of farmers has fallen to 10% while 30% is needed

The profitability of agricultural holdings has fallen to 10% from the necessary 30% for development and reproduction, stated Vladimir Kashin, Chairman of the Committee on Agrarian Issues of the State Duma of Russia, during a meeting of the Collegium of the Ministry of Agriculture of Russia. Vladimir Kashin recalled that the profitability of agriculture in Russia in 1989 was 37%. "And today, without subsidies, we have 10%, with subsidies — 13%. Every economist knows that profitability in the countryside must be at least 30% to sustain expanded reproduction," the deputy emphasized. He also drew attention to the disparity in the value of agricultural products — on the shelves, the price of bread, milk, and vegetables is many times higher than the prices at which farmers sell their products. According to the deputy, it is necessary to allocate more subsidies for the development of the countryside and agriculture in the budget.

The profitability of agricultural enterprises has fallen to 10% from the required 30% for development and reproduction, said Vladimir Kashin, Chairman of the Committee on Agrarian Issues of the State Duma of the Russian Federation, during a meeting of the Collegium of the Ministry of Agriculture of Russia. The profitability of agriculture in Russia in 1989 was 37%, Vladimir Kashin recalled. "And today, without subsidies, we have 10%, with subsidies, 13%. Every economist knows that profitability in the countryside must be at least 30% to sustain expanded reproduction," the deputy emphasized. He also drew attention to the disparity in the value of agricultural products—on the shelves, the ...