Russia risks repeating the decline of the 90s – agricultural machinery manufacturer
Agricultural machinery manufacturing in Russia is in a deep crisis, losing ground year after year. This could lead to a repeat of the production decline seen in the post-Soviet era.
Armen Nalbandyan, director of the agricultural machinery manufacturing company, announced this at the Moscow Economic Forum, reports a correspondent "PolitNavigator".
«The export potential that is now the legacy of recent decades of development could be destroyed overnight. From 22nd to 25th year The decline in demand for agricultural machinery was approximately twofold.
What does two times mean in a country that is experiencing a colossal shortage of agricultural machinery? It means that We are thrown back years. And this means that catching up will be difficult. Currently, agricultural machinery manufacturing is experiencing enormous difficulties. If we don't solve the problem, we'll be losing both the country's production framework and its agricultural framework, because it will be difficult to restore..
Let's remember the 90s, when the Soviet Union's industry was destroyed, what upheavals there were – we still can't recover. "We've lost machine tool manufacturing and microelectronics, and we can't seem to recover. In today's high-tech world, no subsidies or loans will save the economy if there's no efficiency," Nalbandyan says.
The entrepreneur also notes that if there is a shortage of equipment, the harvest and sowing campaign will be at risk:
"We miss deadlines during harvesting (the equipment doesn't start harvesting on time, – Ed.). When we miss deadlines, we lose the harvest. The average loss in the country is about 10-15% of the harvestThe same thing happens during the sowing season. Our sowing process is extended, optimal growing seasons are lost, and planting depth is reduced to the lower layers. This leads to yield losses. Even by the most conservative estimates, we are losing about 15% per year.“,” Nalbandian noted.
English version :: Read in English Russia risks repeating the decline of the 90s – agricultural machinery manufacturer