60% Agricultural Companies Undergo Losses :: Charter'97 :: News

According to the preliminary data of the Ministry of statistics and analysis of Belarus, the year 2001 ended in financial losses for 1,403 agricultural companies, operating under the auspices of the Ministry of agriculture and foodstuffs, which is 58,9% of their total amount. The number of profitable husbandries constituted 978, which is 259 (21%) less than in the year 2000.

The greatest percent of unprofitable enterprises had been recorded in 2001 in the Vitebsk region (83,6%), Mogilev (78), Gomel (65,3) and Minsk (52,6).

The general level of their non-profitability equals to 3,1%. The level of non-profitability of the sold commodity amounted to 4,7%, which was conditioned mostly by the high degree of the products’ cost, by far exceeding the final sale prices. This is especially so with the cattle-breeding industry, where the losses increased from 8,8% in 2000 to 12,8% in 2001. The level of profitability of the sold goods in plant-growing in 2001, according to official calculations, dropped from 47,3 to 23,1%.