The government will consider the possibility of extending preferential lending to the agricultural sector

MOSCOW, October 7 - RIA Novosti. The Cabinet of Ministers will soon consider the possibility of extending preferential lending for farmers for up to one year in regions where significant volumes of grain are grown, Russian Prime Minister Mikhail Mishustin said.

The Prime Minister of the Russian Federation on Wednesday takes part in the XXVIII Russian Agro-Industrial Exhibition "Golden Autumn 2026".

“In the very near future, we will consider extending lending for farmers for up to one year. If they work in regions where significant volumes of grain are grown, they will be able to extend preferential short-term loans,” Mishustin said, speaking at the plenary session.

He noted that the same opportunity should be given to those entrepreneurs in the agro-industrial complex who, as a result of a man-made emergency, suffered significant damage due to restrictions on the production, sale and transportation of agricultural products.

“In addition, we will give borrowers the right to restore the preferential rate on short-term loans that they took out after January 1, 2025. Agricultural producers and processors in many regions will be able to take advantage of additional support measures,” Mishustin said.

According to him, this approach will not only reduce the burden on the industry, but also begin to prepare for next year’s sowing campaign.