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USD 57.42

EUR 61.86

26 March, Sunday

Ufa   °

Bashkir farmers have received more than 85 million rbl. on the pledge of grain

Business

In Bashkortostan a pledging mechanism of grain operations continues to remain in force.

The State Unitary Enterprise "Bashagropruduct" have already received total 540 million rbl. of borrowed funds on the pledge of grain. More than 85 million rbl. are already granted.

Farmers of 12 regions and republican machine and tractor stations participate in the given program most actively.

It should be mentioned that the pledging mechanism of grain operations has been applying in the region for the third year successively. In order to receive a loan, agricultural enterprises should submit a necessary package of documents and bring the grain to be pledged at the specially accredited elevators by "Bashagroproduct".

Farms receive ready cash on the pledge of the grain for carrying out seasonal works, acquisition of petroleum, oil and lubricants or mineral fertilizers. Thus they remain proprietors of the grain and can sell it in case of increase in market prices — under condition of obligations executions to the creditor. Till January 1, the grain is stored at grain elevators free of charge.

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