07 November 2018

Program № 1432 extended for 5 years

The Government was instructed to draft a state programme for developing rural areas and to make sure that, beginning in 2019, subsidies from the federal budget in the amount of at least 8 billion rubles are allocated annually to agricultural equipment manufacturers during the next five years. This is the order of the President of Russia Vladimir Putin.


According to the President of the Association «Rosspetsmash» Konstantin Babkin, manufacturers are grateful to the President of Russia for making one of the most important decisions for the development of the industry.

The Association «Rosspetsmash» reported that the Program № 1432 need to allocate at least 15 billion rubles per year in 2019-2020 years. This will allow to continue the modernization of agriculture. 8 billion rubles is the minimum amount of funding, not the final one.

The program № 1432 is very popular among farmers. Sometimes it is the only chance for farmers to upgrade their equipment.