The volume of gross agricultural
output has reached 1.6 trillion tenge since the beginning of 2024. The figure
increased by 3.4 percent in the first half of the year, driven by growth in
both livestock and crop production. The Kazakh Ministry of Agriculture is
currently implementing a series of measures aimed at further enhancing the
efficiency of the agricultural sector and improving the business environment.
«For the first
time, the total volume of lending for spring field and harvesting works has
reached 580 billion tenge. In addition to the 180 billion tenge
of concessional financing available at the beginning of the year, the
government ensured the attraction of an additional 400 billion tenge for
lending to farmers at an annual rate of five percent. The availability of
sufficient concessional loan funds will enable farmers to comply with
technologies to achieve high yields. Another financing channel, namely the
social-entrepreneurial corporations of the regions, has been introduced to
simplify the loan acquisition process,» said Olzhas Tlebaldin, spokesperson for
the Kazakh Ministry of Agriculture.
Notably, the highest growth rates are observed
in the Turkistan, Kostanai, Almaty, Pavlodar, Zhambyl, Kyzylorda, and Atyrau
regions. The government has approved a comprehensive plan for the
development of processing until 2028, with the goal of increasing the share of
processed products to 70 percent. It is planned to allocate 372 billion tenge
for its implementation, 150 of which will be used to invest in projects.
Editor: Aizhan new
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