Kazakhstan plans to renew its agricultural machinery fleet by 10% annually. Leading foreign companies from Europe, Canada, and the United States are ready to cooperate with the country in this area. Prime Minister Olzhas Bektenov held a meeting with global agricultural machinery manufacturers. Following the talks, the parties signed a series of agreements aimed at localizing agricultural machinery production in Kostanai.
«Under this partnership, we plan to produce at least 3,000 units of agricultural machinery in the coming years. This not only allows us to provide farmers with modern equipment, but also creates new jobs, develops engineering capabilities, and strengthens the country’s industrial potential. John Deere considers Kazakhstan the key strategic partner in Central Asia,» said Peter Sachs, John Deere’s Vice President for the CIS region.
Currently, Kazakhstan has eight major agricultural machinery manufacturing enterprises. They produce more than 8,000 tractors and over 1,000 combine harvesters annually. To support the sector, subsidies covering up to 30% of equipment purchase costs are provided, along with preferential loans at a 5% interest rate. These measures are already delivering results — over the past two years, sales volumes have increased by more than a third. Overall, Kazakhstan ranks sixth in the world in terms of agricultural land area. Last year, the sector’s output exceeded 9 trillion tenge, increasing by 6%. A total of 26 million tonnes of grain and over 5 million tonnes of oilseeds were harvested.
«We
recognize Kazakhstan's clear vision for strengthening the agricultural sector,
building local capabilities, and advancing sustainability development. Together,
we can help Kazakhstan farmers lead a new era of water-smart, higher-yield
agriculture and manufacture locally, powered by world-class irrigation
technology and delivering lasting prosperity for communities across this
country,» said Richard Harold, Senior Vice President of Lindsay
Corporation.
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