No unprofitable farms have been registered in Mogilev Region over the past two years, Interfax learnt from the Committee for Agriculture and Foodstuffs of the regional administrations.
In 2006 Mogilev Rgion’s agricultural enterprises gained a net profit of BYR 104.3 billion. Five unprofitable farms were sold to commercial companies, and the remaining 76 non-viable farms merged with profitable enterprises and organisations.
A hefty investment of BYR 337 billion enabled the re-organised farms to boost their output by 32.8% in 2006, the source reported.
In the past two years all farms in Mogilev Region managed to achieve their production targets, the source added.