Farmers face difficulties obtaining preferential loans: new conditions reduce the availability of financing

This year, lending terms have changed: a fixed rate has been replaced by a floating rate, dependent on the key rate, which currently stands at 21%. Preferential loans in priority areas are offered at rates ranging from 1% to 8.3% per annum, while for other areas, the rate is 12.5% ​​per annum. However, many applicants face strict requirements from banks, which perceive agriculture as a high-risk sector.

According to experts, the lack of funds for small and medium-sized farmers, as well as difficulties obtaining preferential loans, could lead to further consolidation of companies in the agro-industrial complex. Meanwhile, the People's Farmer Association is registering numerous requests from farmers facing loan denials and unpredictable terms.