State Program on Agribusiness Development 2013-2020

Russian Agricultural Bank is a key financial institution in the realization of federal programs on agribusiness development.

In 2012, according to the Russian Government Resolution No. 717 dated July 14, 2012, was approved the State Program on Agribusiness Development and Regulation of Farm Produce, Raw Materials and Foodstuffs Markets for 2013-2020.

The State Program 2013-2020 expands the scope and substitutes the State Program on Agribusiness Development 2008-2012 and the National Priority Project on Agribusiness Development 2006-2007.

In 2008 – 2012 Russian Agricultural Bank extended RUB 1.7 trillion to implement the State Program on Agribusiness Development 2008-2012.

Agribusiness development remains a priority in the Government’s social and economic policy.

The State Program 2013-2020 objectives are:

  • Fostering the production growth of major agricultural goods;
  • Support of efficient agri-market infrastructure management and development;
  • Small-scale business patterns support;
  • Agribusiness profitability growth and sustainable development;
  • Improvement in living standards of rural population;
  • Promotion of agribusiness innovative development;
  • Reclamation, protection and continued use of crop lands.

Russian Agricultural Bank is the only financial institution specified in the Program as an instrument of its implementation and industry support. The Bank’s strategy is consistent with the State Program 2013-2020, which provides measures for the integrated development of agribusiness and related sectors.

Starting 2013 and as of August 1, 2016, RusAg has extended over 1.7 million loans for the total amount of over RUB 2.1 trillion, including:

  • Seasonal field works – RUB 637 billion,
  • Farms – RUB 55 billion,
  • Personal household plots – RUB 74 billion.