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Growth rate of agricultural production in Turkmenistan increases

Business Materials 8 March 2021 11:43 (UTC +04:00)
Growth rate of agricultural production in Turkmenistan increases

BAKU, Azerbaijan, March 8

By Jeila Aliyeva - Trend:

The growth rate of production volumes, work and services performed in Turkmenistan’s agro-industrial sector from January through February 2021, compared to the same period last year exceeded by 4.1 percent, Trend reports with reference to the State News Agency of Turkmenistan.

Thus, the Ministry of Agriculture and Environmental Protection of Turkmenistan exceeded the plan by 4.1 percent, the The State Committee for Water Management of Turkmenistan-3.7 percent, the Türkmen Atlary State Association - 4.1 percent.

The plan for the development of investments for the reporting period was exceeded by 63.8 percent.

Currently, winter wheat is being cared for in the regions of Turkmenistan, in accordance with agrotechnical standards, vegetation watering of plants and their fertilization with mineral fertilizers are carried out, the report says.

Along with this, preparations are being made for sowing cotton.

Special land funds have been created in Turkmenistan, from which plots are allocated to private producers for growing wheat, cotton and other agricultural crops.

As reported, 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 agricultural crops grown on the territory of Turkmenistan are wheat, cotton, rice, sugar beet, fodder, vegetable, and fruits.

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