The Percentage of Profitable Farms in Russia Decreased to 70.6%

According to Rosstat, 70.6% of farms in the crop and livestock sectors, including hunting and related services, were profitable from January to July. The previous year, the figure was 77.9%. The share of loss-making organizations increased from 22.1% to 29.4%.

In the fishing and fish farming sectors, the percentage of profitable farms decreased from 64% to 63.3%, while the share of unprofitable ones increased from 36% to 36.7%. Overall, across agriculture and forestry, hunting, fishing, and fish farming, 68.9% of farms were profitable compared to 76.2% a year earlier; the percentage of loss-making entities reached 31.1%.

The profit of crop and livestock organizations decreased by 18.8%, to 337 billion rubles. Loss increased by a factor of 1.4 and amounted to 113.3 billion rubles, while the net financial result declined by 33.1%, to 224.2 billion rubles. In the fishing and fish farming sectors, profit decreased by 18.1% to 87.4 billion rubles, and loss dropped by 32% to 18.9 billion rubles. The net result was 88.5 billion rubles, decreasing by 13.2%.

The total profit of agriculture, forestry, hunting, fishing, and fish farming sectors amounted to 427.7 billion rubles, 19.1% less than the previous year. The loss reached 137.8 billion rubles, increasing by 21.2%, and the net result dropped by 30.1%, to 289.9 billion rubles.

In the food industry, the situation differed from primary agricultural production. The percentage of profitable enterprises increased from 74% to 76.9%, while the share of unprofitable ones decreased from 26% to 23.1%. The profit of food producers rose by 23.4%, to 584.4 billion rubles, loss decreased by 21.4%, to 71.7 billion rubles, and the net financial result grew by 34.1%, to 512.7 billion rubles.

In the beverage production sector, the percentage of profitable enterprises reached 76.4% compared to 74% a year earlier. Their profit amounted to 169.5 billion rubles, increasing by 27%, losses decreased by 37.1% to 6.2 billion rubles, and the net result grew by 32%, to 163.3 billion rubles. In the tobacco industry, profit was 87 billion rubles, decreasing by 10.8%; losses were reduced by 86%, to 0.8 billion rubles, and the net result decreased by 6.1%, to 86.2 billion rubles.