Russian Farmers to Receive $16,500 Incentive to Purchase New Combines

Financial incentives to encourage farmers in Russia to buy new combines and tractors have been agreed to by provincial authorities and two domestic manufacturers.

Farmers who replace an old combine with a new Rostselmash combine get the equivalent of $16,500 — half from Russia’s biggest harvest machinery maker and half from local government.

Similar agreements are being negotiated in other regions, reports the Moscow-based analysis and information database service RosBusinessConsulting. There is also speculation that…

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