Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Farms Going Private

MOSCOW (MT) --The number of private farms reached 173, 000 in 1992, increasing at a rate of 10, 000 per month in the last months of the year, Itar-Tass reported Tuesday.

The private farms accounted for 7. 3 million hectares, with an average size of 42 hectares per farm. Farm privatization has gone the fastest in important bread basket regions, such as Kuban, the Don, Stavropol and the Volga.

But the news agency suggested that rate of privatization is creating difficulties for the government, since it lacks the resources to support existing individual farmers.