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Kazakhstan: Investment in agriculture increased by 50% in 2016

Investment in Kazakhstan agriculture increased 50 percent in 2016 totalling US$686.96 million, compared to US$445.92 million a year earlier. The government of Kazakhstan is dedicated to the growth of its agriculture sector and provides preferential loans and offers leasing of machinery to aid farmers, according to General Manager of Assets of the Inspection Department at KazAgroFinance, Tuleugazy Seisenov.

“Today, we receive a lot of projects from all over the country. We aim at introducing modern technologies in the industry. We check whether the implemented technologies on a given project are innovative. We have an extensive network across the regions where farmers can apply,” said Seisenov.

Over the past 25 years, Kazakhstan witnessed a challenging path of reforms in all areas of agriculture. Production and food processing industry are now progressing in all regions of the country.

Thus, in 2016, farmers gathered 3.6 million tonnes of vegetables and 2.2 million tonnes of melons, which is 511,000 tonnes more than in 2015. The 2016 harvest of rice, apples and cotton has been record breaking.

In September 2016, the President instructed the government to allocate US$292.26 million additional funding to the agricultural sector in order to continue growth in the sector.

source: astanatimes.com
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