Tatarstan Minister of Agriculture Marat Akhmetov: Financial results of Tatarstan agricultural industry are generally positive

On December 16, speaking at a regional video-conference held by Tatarstan President Rustam Minnikhanov at Tatarstan Government House, Deputy Prime Minister of Tatarstan, Minister of Agriculture and Food of the republic Marat Akhmetov reported that financial results of Tatarstan agriculture industry are generally positive.  

 Akhmetov reported on the gross agricultural product (all farm categories) and money proceeds earned by agricultural farms and enterprises in dynamics for 2015-2017.

He said that in 2017 the gross agricultural product is expected to make 260.4 billion roubles, with the index of production of 105.1 per cent and money proceeds amounting to 103.9 billion roubles. In 2016, the gross output made 233.7 billion roubles (104.3 per cent), while money proceeds totaled 98.6 billion roubles. In 2015, the gross product made 217.1 billion roubles (104.9 per cent) and money proceeds – 89.0 billion roubles.

“With current production quantities economic indicators of the industry would be much better even with prices maintained at the previous year’s level. However, prices have fallen dramatically by almost two times in crop farming and by 10-15 per cent in livestock production,” Akhmetov clarified.

According to the minister, investment attractiveness of the industry is a significant factor in achieving financial results.

Over the last five years, more than 173 billion roubles have been attracted to agriculture and food industry of the republic. In 2016, an investment of one rouble yielded 5.5 roubles of the added value.

He continued that in previous years the relatively high investment indicator was achieved due to such investors as Nefis Cosmetics Company (12.8 billion roubles), Ak Bars Holding (6.7 billion roubles), Chelny-Broiler Poultry Farm (5.5 billion roubles), Kamskiy Bekon Pork Producing Company (4.1 billion roubles), Maiskiy Greenhouse Complex (2 billion roubles).

These financial investments allowed the industry to form the significant added value and to maintain sustained rapid growth for the republic.

As noted at the meeting, the republic actively supports regions interested in the development of the industry. Over the last six years, budget investments have amounted to almost 20 billion roubles, which helped to double additional extra-budgetary resources.