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Azerbaijan increases state support for large grain farms

Business Materials 18 April 2012 19:45 (UTC +04:00)
The Azerbaijani National Fund for Entrepreneurship Support under the Economic Development Ministry began financing the investment projects to establish large grain and seed farms.
Azerbaijan increases state support for large grain farms

Azerbaijan, Baku, April 18 / Trend /

The Azerbaijani National Fund for Entrepreneurship Support under the Economic Development Ministry began financing the investment projects to establish large grain and seed farms.

One is them is the establishment of a grain storehouse complex of private grain farm in Kurdamir, Agsu and Shamakhi regions valued at 16.8 million manat and the demand for a loan worth 10 million manat. About 2 million manat of lax loan was allocated to finance the project at the initial stage.

It is planned to sow 3,000 hectares in Kurdamir, Agsu and Shamakhi regions, as well as to install modern irrigation systems. It is also planned to purchase 25 types of modern agricultural equipment made in Turkey and the U.S (tractors, combines, heavy trucks, etc.)

The modern circular irrigation systems made by U.S. firms "PIERS" and "Reinke Manufakturing Inc" were installed at 400 hectare area in the village of Hajigedirli, Shamakhi region and Lengebiz, Agsu region at the initial phase. At present, these systems are being installed at 100 hectare area.

A special park with tractors, combines, cultivators and other modern equipment will be created. Additional equipment is being bought. It is planned to construct a warehouse for 15,000 tons of grain, as well as administrative buildings.

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