Land plots for agricultural producers to be allocated from special fund in Turkmenistan

Business Materials 27 November 2020 11:31 (UTC +04:00)
Land plots for agricultural producers to be allocated from special fund in Turkmenistan

BAKU, Azerbaijan, November 27

By Jeila Aliyeva - Trend:

Special agricultural land funds are being created in the regions of Turkmenistan for growing crops included in the state order, Trend reports with reference to the State News Agency of Turkmenistan.

Land plots from these funds will be provided for use by agricultural producers for up to 99 years.

Some 70 percent of the fund's land is proposed to be used on a contractual basis for growing wheat, cotton, and other crops included in the state order.

The remaining land can be sown with other crops for scientific rotation, provided that the plan for wheat and cotton production is fully implemented.

The state provides targeted support for the development of the agricultural sector in Turkmenistan. In particular, the entire production infrastructure of the agro-industrial sector is being re-equipped and modernized, the chemical industry is developing, and modern tractors, combines, and other equipment are being purchased.

The country has created special agricultural land funds for growing agricultural products from arable land. Thus, land plots for up to 99 years are allocated from these funds for use by joint-stock companies, farmers, other legal entities, and citizens of Turkmenistan.

Also, state purchase prices for wheat and cotton have been increased since 2019.
In addition, farmers, agricultural joint-stock companies and research institutes, farmers, private entrepreneurs, and other agricultural producers can take advantage of preferential bank loans, including for the purchase of special equipment.

At preferential prices, farmers receive mineral fertilizers, high-quality seeds, and chemical plant protection products.

Reportedly, agriculture in Turkmenistan is developing rapidly. It is one of the most important sectors of the country's economy. The main types of crops grown on the territory of Turkmenistan are wheat, cotton, rice, sugar beet, fodder, vegetable, and fruits.


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