...

Turkmenistan’s private sector attracted to agriculture

Business Materials 24 December 2020 10:17 (UTC +04:00)
Turkmenistan’s private sector attracted to agriculture

BAKU, Azerbaijan, December 24

By Jeila Aliyeva - Trend:

Special agricultural land funds, created in the regions of Turkmenistan, contribute to the broad involvement of the private sector in agriculture, Trend reports with reference to the “Turkmenistan: Zolotoy Vek” (Turkmenistan: Golden Age) electronic newspaper.

In particular tens of thousands of hectares of land have been transferred to more than 800 people in Turkmenistan’s Dashoguz region.

The policy of reforming the domestic agro-industrial sector carried out in Turkmenistan has allowed private producers to participate in the implementation of tasks for the preparation of basic crops by the Dashoguz region and a significant increase in the production of legumes and oilseeds.

The state provides targeted support for the development of the agricultural sector in the country. 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.

---

Follow the author on Twitter: @JeilaAliyeva

Tags:
Latest

Latest