Kazakhstan's Aktobe region receives soft loans to back spring field work
BAKU, Azerbaijan, May 4
By Nargiz Sadikhova - Trend:
Farmers of Kazakhstan’s Aktobe region have received 1.2 billion tenge ($3.06 million) of soft loans to replenish the working capital, Trend reports with reference to Kazakhstan’s Ministry of Agriculture.
The ministry said that the sowing work will be carried out on 600,000 ha of land in the Aktobe region this year.
Over the half of the allocated land – 334,000 ha – will be used for sowing grain and leguminous crops, nearly 212,000 ha for fodder crops. 40,000 for oilseeds. Furthermore, 6,000 ha will be used for potatoe sowing, 5,200 for melons and gourds.
Nearly 2,000 people will take part in the sowing work, as well as over 5,300 tractors, 1,500 seeders and 93 sowing complexes.
The readiness of agricultural machinery is 98 percent, the availability of seeds is 100 percent as of now. In order to carry out spring field work, 9,000 tons of diesel fuel were allocated.
In turn, KazAgro financial institutions, as well as microfinance organizations, are in the process of approving applications of local farmers for soft loans in order to replenish working capital.
Follow the author on twitter: @nargiz_sadikh