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Kazakh president instructs to provide annual funds for agriculture development

Business Materials 5 October 2018 12:42 (UTC +04:00)

Baku, Azerbaijan, Oct. 5

By Rashid Shirinov – Trend:

President of Kazakhstan Nursultan Nazarbayev has instructed the government to provide at least 100 billion tenge annually for the development of agriculture and science in the next three years.

He made the remarks in his annual address to the people of Kazakhstan in Astana, Interfax-Kazakhstan reported.

In his speech, Nazarbayev noted the need to realize the full potential of Kazakhstan’s agro-industrial complex.

"The main task is to increase labor productivity. Export of processed agricultural products must be increased by 2.5 times by 2022," the Kazakh president said.

He also added that it is necessary to involve modern agricultural technologies in the agro-industrial complex and noted that the country has all the conditions for the development of the agricultural sector – there are enough land and specialists.

"We should use the best experience in managing the industry by introducing flexible, convenient standards and attracting successful foreign experts in the field of agriculture," Nazarbayev noted.

Agriculture makes up approximately 6 percent of Kazakhstan’s economic production. Most of the country’s territory is suitable for agricultural production, but only a quarter of the land is arable.

The country’s major crops are wheat, barley, cotton, and rice, while Kazakh farmers raise sheep and cattle. Livestock products mainly include dairy goods, leather, meat, and wool.

It is also worth noting that Kazakhstan is one of the main grain exporters worldwide.

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