Russia plans nearly $468 million for farm machinery programs in 2027-2029

Russia has budgeted close to $468 million for farm machinery support programs covering the 2027-2029 period, according to a report by TASS. The funding is intended to support mechanisms that help agricultural producers access machinery needed for farming operations.

Of the total allocation, approximately $17.55 million is expected to be directed next year toward DOM.RF's preferential leasing program, which offers financing terms designed to make it easier for farms to lease equipment rather than purchase it outright. DOM.RF is a state-backed institution involved in housing and development finance in Russia.

Part of broader agricultural support

Programs supporting farm machinery acquisition are a recurring feature of Russia's agricultural policy, aimed at helping producers modernize equipment and maintain production capacity. The multi-year budget allocation reported by TASS suggests continued state support for the sector over the coming years, though the report does not detail how the remaining funds beyond the DOM.RF leasing allocation will be distributed.

TASS did not provide further specifics on which other programs or mechanisms will draw from the broader $468 million allocation, or how funding will be phased across the 2027-2029 period.