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Subsidy Boost for Starter Farmers

16 January 2013

RUSSIA – Newcomers to farming in the Ryazan region have the opportunity to apply for one off development grants worth 250,000 rubles for their businesses.

Under a co-financed subsidy scheme "Support for beginner farmers in the Ryazan Region for 2012-2014" federal and regional funds will be combined to create a funding budget of 115.4 million rubles.

To receive a grant, farmers need to invest 10 per cent of previously acquired funds into the development of the agricultural economy.

In 2012 19 farmers from 14 municipalities took part in a similar scheme, of which half were under the age of 35.

TheCattleSite News Desk

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