The collapse of discount loans in agricultural loans.
According to data from the Ministry of Agriculture, as of November 6, the balance of subsidies provided by licensed banks for short-term preferential loans planned for issuance amounted to 6.98 billion rubles out of 26.5 billion rubles. while on October 10 it was equal to 4.33 billion rubles.
However, the planned total volume of subsidies has not changed! That is, there is a fairly strong process of refusals to receive preferential loans that have already been approved by the Ministry of Agriculture!
At the same time there are refusals (from the Ministry of Agriculture, banks or borrowers?) in all directions!
In conditions where the need for additional financing from agricultural producers is clear, we get an absurd situation: there is budgetary money for loans, but there are no recipients! There are several reasons, I think. First, innovations in preferential loans, leading to an increase in costs and a tightening of the loan subsidy policy (see - apparently, this is the main factor that determines the decrease in the producers' interest in loans in the dairy farm!
The Ministry of Agriculture's statements about the upcoming extension of preferential loans add to their "drop" (the question is whether there will be money to maintain the preferential rate, to what extent and for whom, and skepticism after the decision on crop subsidies, in my opinion, is increasing).
A. Corbot, independent expert.