World meat industry news

During the international EuroTier-2021 exhibition the director of the department of production and processing of livestock products at the Kazakhstan Ministry of Agriculture Erkebulan Akhmetov told that mechanisms of subsidizing of agricultural enterprises in the country were changed, the News Agency Meatinfo with reference to The DairyNews tells.

Akhmetov noted that in Kazakhstan, the requirement for a mandatory state examination of dairy farm construction projects was excluded. This reduced the design time from 6 to 1.5 months.

A guarantee tool was also introduced  financing by the second-level banks in conditions of insufficient collateral opportunities up to 85%.

“In addition, payments of cheaper cost of breeding animals were increased from 225 thousand KZT to 400 thousand KZT per head. Also, subsidies for the purchase of equipment for irrigated fodder production and for the purchase of fodder equipment were increased from 25% to 50%, "- Yerkebulan Akhmetov said Yerkebulan Akhmetov.

He also added that Kazakhstan revised the marginal value of dairy farms with investment subsidies from 25% to 40%. According to the expert, this standard was increased due to additional budgets of local executive bodies.