Kazakhstan’s farmers need a long-term financing system that will allow them to plan their operations years ahead. President Kassym-Jomart Tokayev highlighted this priority in his state-of-the-nation address. He noted that concessional financing had increased from 1 trillion tenge last year to 1.5 trillion tenge this year. However, most of these funds go towards short-term loans and replenishing working capital. The Head of State instructed that mechanisms be developed to provide farmers with access to long-term investment financing. Other priorities for the agricultural sector include deep processing of agricultural products, the introduction of AI and water-saving technologies. According to experts, access to long-term loans will enable Kazakh farmers to plan their operations with greater confidence and expand production.
«If agricultural producers make effective use of digital technologies, they will be able to address many of the challenges they face today. Above all, this will help them expand their market reach. One of the key priorities outlined by the President in his state-of-the-nation address is to provide farmers with access to long-term financing. The main advantage is that, with loans spanning seven, eight or ten years, farmers will no longer have to constantly worry about repayment deadlines. Instead, they can focus on increasing crop yields and improving livestock productivity,» said economist Bauyrzhan Yskak.
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