BAKU, Azerbaijan, May 6. Currently, our
strategic goal is to transition from subsidies for planting to
subsidies for production, Yalchin Jamalov, chairman of the Agency
for Credit and Development of the Agricultural Sector, told
reporters on the sidelines of the 5th Agribusiness Development
Forum in Baku, Trend
reports.
''While in previous years subsidies were provided for cotton,
sugar beets, and tobacco, subsidies will now also apply to
sunflowers, corn, soybeans, apples, and pomegranates,'' he
added.
He added that annually, the Agency for Credit and Development of
the Agricultural Sector provides subsidies for planting to more
than 4,000 farmers.
The official noted that the subsidies cover crops planted on an
area of 1.2 million hectares:
Jamalov also stated that the state covers 60% of the cost of
breeding stock.
According to him, subsidies are also provided for the purchase
of agricultural machinery and equipment:
“The state covers 40% of the cost of agricultural machinery and
equipment.”
The agency’s chairman added that the implementation of modern
irrigation systems is of particular importance: “Thanks to
subsidies for modern irrigation systems over the past five years,
these systems have been installed on more than 46,000 hectares of
land.”
Furthermore, Jamalov noted that farmers also receive support in
the form of preferential loans: “The government provides
microloans, equipment loans, and cash loans. Equipment loans are
provided interest-free for five years, and thereafter the interest
is subsidized by the government.”
