Development of cooperation in agriculture is too slow in Kazakhstan

Innovation & Technology
Published Nov 30, 2023

Tridge summary

Senator Ali Bektaev reports that there are currently 3,248 registered agricultural cooperatives in Kazakhstan, with the majority working in livestock farming. However, only 3% of small farms were able to receive preferential loans and the development of agricultural cooperation is slow. Experts have identified trust issues, low competitiveness of domestic products, and bureaucratic obstacles as the main problems in this sector.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Today, 3,248 agricultural cooperatives are registered in Kazakhstan. This was stated by Senator Ali Bektaev, a Kazinform correspondent reports. - Currently, 3,248 agricultural cooperatives are registered in Kazakhstan, of which 1,255 work in livestock farming, 322 in crop production, and 1,671 in other areas. This year, taking into account that 370 billion tenge was allocated through Agrarian Credit Corporation JSC for 543 agricultural cooperatives, we see that each cooperative is financed on average by 680 million tenge. And of the remaining 2.7 thousand small farms, only 3% were able to receive preferential loans,” said Ali Bektaev at an extended meeting of the Committee on Agrarian Issues, Environmental Management and Rural Development. According to him, the creation of agricultural cooperatives in the context of market development is important, but the development of this cooperation is too slow. - In this context, experts identified the main problems in this area. When ...
Source: Inform
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