Roundtable discussion on pre-harvest financing legislation, Moscow, January 2013
A roundtable discussion dedicated to pre-harvest financing opportunities in the Russian Federation drew over 50 input traders, producers, agricultural banks and government representatives on 29 January 2013 in Moscow. The event, organized by the Ministry of Agriculture and hosted by the Timiryazev Agricultural Academy, was facilitated by FAO and the European Bank for Reconstruction and Development (EBRD), who addressed questions about the introduction of pre-harvest financing instruments and validated the interest of key stakeholders in the introduction of a supportive legal framework.
Pre-harvest financing through crop receipts will facilitate farmers’ access to credit at an early stage of the working capital cycle while ensuring financial security to input providers and other creditors. FAO and the EBRD are prepared to support the reform by providing technical assistance to the country.