October 10, Lepel /Own.inf./. Modernisation of production capacities is an urgent need, the fulfilment of which determines whether the manufactured goods will be able to compete with leading brands and be sold profitably in the near and distant future. This postulate applies in full to agriculture, and in particular to the dairy industry. The milk river originates on dairy farms, eight of which are being built and modernised this year.

October 10, Lepel /Own.inf./. Modernisation of production capacities is an urgent need, the fulfilment of which determines whether the manufactured goods will be able to compete with leading brands and be sold profitably in the near and distant future. This postulate applies in full to agriculture, and in particular to the dairy industry. The milk river originates on dairy farms, eight of which are being built and modernised this year.

First, eight facilities were identified where the main funds and efforts are directed, funding sources and amounts of assistance were determined. In these autumn days, the work is gradually coming to completion, and some preliminary results can be summarised.

The first thing that is paid attention to in market realities is the price of the issue. According to estimates, the reconstruction of the eight farms costs 24.4 billion rubles, of which 9.4 billion are own funds of agricultural organisations, 2.2 billion were allocated from the regional budget, 1.8 billion from the district budget, and another 1.3 billion was attracted in the form of sponsorship. The remaining 9.7 billion rubles are credit resources allocated under a special programme at a preferential interest rate. The National Bank's refinancing rate has been reduced by eight points, which is currently 22 percent. However, loans can be considered as funds of agricultural organisations with full justification, as they will have to be repaid from income, including from milk sales, in the coming years.
The first challenge was the tight deadlines for construction and installation work. All eight farms in the Lepel region designated for reconstruction were operational, housing livestock. Therefore, the start of work was postponed to mid-May, when the grazing season began. In parallel with construction, the management of the farms had to carry out a complex of field work.