MINSK, 23 September (BelTA) – Private farmers are offered loans on comfortable terms in Belarus. They are primarily designed to support the farming enterprises that have bad harvest this year due to weather conditions. Prime Minister of Belarus Aleksandr Turchin made the statement after delivering a report to the Belarus president, BelTA has learned.
Speaking about the fair pricing formula, as an example Aleksandr Turchin mentioned the bad apple harvest due to unfavorable weather conditions. For instance, one of the private farming enterprises in Molodechno District that the prime minister has recently visited reports an apple harvest as little as one tenth of last year’s.
“But there are costs and constant outlays. You cannot leave the orchard unattended. In other words, you have to spend as much as last year but you have 300 tonnes instead of 3,000 tonnes,” the head of government made an example. “This is why it is obvious that the prime cost of apples cannot be what it was last year. A farmer has invested his labor in apples and he needs to at least break even without reaping crazy profits.”
“We understand that on the whole, the country will harvest as little as about 40% of last year’s apple harvest. The government has made all the decisions. Among other things we are launching a banking product for private farmers. So that businessmen in a complicated situation could take out loans on comfortable terms by the next year in order to last till the next harvest,” the prime minister stated.
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