Belarus’ state-run farms are set to invest a cool BYR 1.3 trillion in new home-made farming machinery in 2007, the Ministry of Agriculture and Food Security told Interfax.
The machinery will be purchased with the finance provided by the Agribusiness Support Fund, credit resources, local budgets and proprietary capital.
By now farmers have already laid their hands on BYR 300 bln worth of machinery: 712 harvesters, 122 tractors, 198 fodder harvesters, 40 loaders, 389 mowers, 60 soil cultivators, 170 sowing machines, 60 bail lifts and 28 crushers.
Any sort of farming machinery imports is impossible unless it is endorsed by the government. In the meantime, the regions of Belarus are free to import foreign-made machinery if they meet a whole package of requirements: they must meet agribusiness production targets, have a foreign trade surplus, and have no debts on credits and loans