Profitability of agricultural production in the Ryazan region in 2023 decreased to 17.4%

Thus, profitability in crop production in the Ryazan region fell to 28% against 47.2% in 2022.

"The decline is due to the low price of grain, so the profitability of grain crops was at 18.6% versus 50.4% in 2022. Due to the record harvest of oilseeds, a good level of profitability is maintained for them - 39.8% (in 2022 - 49.8%)," the report says.

At the same time, according to the ministry, Ryazan farmers have shown good results in the vegetable growing sector - profitability increased to 52.5% (in 2022 - 32.8%) due to the high price of open-ground vegetables (in this area, profitability in 2023 was 73.6% versus 2.9% in 2022).

In addition, profitability in livestock farming increased last year, amounting to 28.5%, compared to 22.6% in 2022. High profitability was due to record production of chicken eggs (profitability of egg production in 2023 reached 48.3%, in 2022 - 29.8%), an increase in the number of pigs (profitability of pork production - 23.7%, in 2022 - 3.3%).

Profitability in milk production in 2023 was 42.1%, in 2022 - 47.1%. At the same time, cattle meat production again turned out to be unprofitable: in 2023, profitability was minus 29.9%, in 2022 - minus 27.9%.

The press release specifies that the information is presented according to the financial and economic status reports provided by farmers to the Ministry of Agriculture of the Ryazan Region. The indicators are given without taking into account state support provided to farmers.