Ministry of Agriculture: farmers of Kazakhstan are provided with funding for only 20% of the annual need

Innovation & Technology
Published Feb 23, 2024

Tridge summary

Aidarbek Saparov, Kazakhstan's Minister of Agriculture, has highlighted the chronic underfunding of the country's agricultural sector, which has resulted in increased prices for agricultural products and decreased efficiency. Saparov noted that while farmers have access to 250-300 billion tenge per year, the annual requirement for the sowing campaign alone is 1.5 trillion tenge. He stressed the importance of providing affordable and timely loans to farmers and attracting funds from various sources, including second-tier banks.
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Original content

Minister of Agriculture Aidarbek Saparov, during a briefing at the Central Communications Service, noted that loans worth 250-300 billion tenge per year are available to farmers, although the annual need for borrowed funds for the sowing campaign alone is 1.5 trillion. tenge Lack of financing ultimately leads to higher prices for agricultural products. The portal reports this with reference to the press service of the agricultural department. As the head of the Ministry of Agriculture noted, the chronic underfunding of the industry is the root of many problems in agriculture, including the high cost of production. “Due to a shortage of borrowed funds, farmers do not use enough fertilizers and plant protection products and work on outdated equipment, which leads to low efficiency in agriculture,” Saparov stated. According to him, to solve this problem it is important to provide farmers with affordable borrowed funds in a timely manner. On behalf of the Head of State, ...
Source: Agrosektor
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