Turkmen entrepreneurs working on increase volume of food production

Business Materials 19 August 2021 12:48 (UTC +04:00)
Turkmen entrepreneurs working on increase volume of food production

BAKU, Azerbaijan, August 19

By Jeila Aliyeva - Trend:

Turkmen entrepreneurs are working to increase the volume of food production through the development of newly irrigated lands, the organization of additional crops on these lands, planting fruit trees and grapes, expanding the area of greenhouses, Trend reports with reference to Turkmenistan: Golden Age electronic newspaper.

The main role in the development and strengthening of the agro-industrial sector of the country was played by the private sector.

Thus, the lion's share of food products is grown by private farms and business structures.

The share of private enterprises in Turkmenistan increased from 65.7 percent to 72.3 percent from 2013 through 2020.

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.

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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