Agrarian Fund recommends farmers to participate in mortgage purchases of grain, instead of attracting bank loans

Agricultural Foundation recommends that farmers use budgetary loans through mortgage purchases of grain, instead of attracting loans of commercial banks. This is stated in the message Minagropolitiki.

the press service with reference to the Director General of the Agrarian Fund of Vladimir Ivanishina noted that currently, in the agricultural fund is a means, as well as the necessary governmental decisions that from 1 July to begin the purchase of grain of new crop.

And I recommend more to a pledge to work because there is no need to go to bond. Collateral - this grain,% of credit - 9.05%. Not 30%, for which you want to go to the bank. Yet You remain the owner of the grain, - he added.

At the same time, according to Ivanishina, farmers could always find a good buyer of grain, to give the State that the loan and sell the products.

director recalled that last year the beginning of harvesting campaign, the Fund had no financial resources, but also was not developed a mechanism for procurement, so the actual purchases were launched only in August.

Top 2009/2010 marketing year (1 July) in accounts Agrarian Fund to purchase will be 1 billion hryvnia, and the total for procurement of grain for this season by 3 billion hryvnia.

According Ivanishina already in the first 2-3 months of work in the new year with AF will be able to lift the market about 1.5 million tons of grain.

As reported, the Cabinet authorized the Agrarian Fund to purchase grain to the state food reserve directly from agricultural producers, and under the security process in 2009/2010 marketing year (July 2009 - June 2010).

Cabinet has established a fee for use of the budget loan of grain producers in the regime of public procurement in the mortgage rate 9.05% per annum for 2009/2010 MG.

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