You can’t survive without state support

Additional measures to support agricultural producers, due to the impact of the coronavirus pandemic, have been taken by the state.

Due to the devaluation of the ruble and other economic factors, the costs of farmers increased, while the demand for some of the products during the period of self-isolation, on the contrary, decreased.

One of the significant measures is the postponement of previously taken short-term and investment loans.

If a small business entity has a short-term loan, it will have the right to defer the payment of interest on previously issued loans within a year. And if the loan is to be repaid in 2020, extend it for another year.

In total, 10 billion rubles will be allocated from the federal budget for these purposes.

Also, the Cabinet of Ministers provided an opportunity to extend the maturity of subsidized loans that were issued for the construction of greenhouse complexes for up to 12 years.

Previously, the term of such loans did not exceed 8 years. Now farmers can conclude an additional agreement with the bank to extend the term for using the loan.

In order to exercise this right after July 1, 2020, it is necessary that the loan be taken before 2017.

Such a measure of support is especially necessary for the owners of greenhouse farms: in the spring, the demand for their products fell, the fall in demand was followed by a drop in prices, and the companies could not secure themselves a margin of safety in order to wait out the season when greenhouse products are not in demand.

Now entrepreneurs will have the opportunity to pay off loans in the fall, when demand for their products resumes.

Another measure of government support for farmers is a deferral of federal taxes and insurance premiums.

Enterprises could have used such a deferral before, but the list of industries for which it was possible was rather small.

The list has now been expanded to include farmers who are involved in crop production, animal husbandry, fishing, seed processing for planting, and post-harvest agricultural activities.

This list includes manufacturers of oils and fats, sugar from sugar beet, unrefined and refined corn oil, as well as companies that process and preserve vegetables, fruits, and meat products.

The benefit is granted for a period of one to three years.

The essence of the provision of tax benefits is the same as that of benefits for the payment of interest and the main part of the loan: to enable farmers to maintain their solvency and make payments already in the season when income appears.

In order to get a deferral or installment plan for taxes, you need to contact the regional department of the Federal Tax Service at its location or the interregional inspectorate for the largest taxpayers.

The taxpayer will need to prove that seasonal activities generate at least half of the company’s income.

Another measure introduced by the government is the additional capitalization of Rosleasing by 6 billion rubles.

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This will allow, on preferential terms, under lease agreements, to receive 1.5 thousand units of agricultural machinery, machinery and equipment for the timely implementation of the entire cycle of agricultural work.

And together with a special leasing program with state support with a preferential rate of 3%, farmers will be able to receive about 9 thousand units of special equipment.