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. Last Updated: 07/27/2016

Farms Losing Money

MOSCOW -- Three-quarters of Russia's farms lost money last year even though government subsidies managed to keep production roughly steady, a news report said Tuesday.

Agriculture Minister Viktor Khlystin said subsidies from federal and regional government halted the production slump of recent years, but called the aid insufficient to solve the problems facing farmers, Itar-Tass reported.