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ACC increased financing of export-oriented projects in the agro-industrial complex

The Agricultural Credit Corporation is increasing the volume of financing of projects involving the production of export-oriented agricultural products. To date, the company has financed 298 projects for more than 272.7 billion tenge. This was reported by the KazAgro holding.

In particular, the ACC portfolio includes 10 projects for the development of fisheries. Taking into account the fact that fish farming has been identified as one of the basic sectors of agricultural development, the number of such farms will increase. The main volume of production falls on the Turkestan, Almaty, North Kazakhstan and East Kazakhstan regions, but on behalf of the Prime Minister of the Republic of Kazakhstan, fish farming development programs will be developed in all regions by the end of the year.

Read on topic: Kazakhstan exported $60 million worth of fish products in 2019

According to the Ministry of Ecology, over the past 10 years, 13 fish farming projects have been financed in the Republic of Kazakhstan in the amount of 13.9 billion tenge with a total production capacity of 3.26 thousand tons of fish products. In this direction, the Agrarian Credit Corporation finances projects under several programs: “Agroexport”, “Agribusiness”, “Economy of simple things”.

One of the loans in the amount of 50 million tenge was issued to Kuzmich LLP for the expansion of a cage farm for breeding valuable fish species in the village of Samara, East Kazakhstan region. The farm is engaged in intensive integrated cultivation of valuable species of fish (sturgeon, salmon, whitefish), as well as pike perch, crayfish with the production of compound feed and vermicompost in an integrated system. By 2021, the farm plans to reach a capacity of 100 tons of marketable fish per year. Due to the expansion of production, 30 additional jobs were created.

Read on topic: The EAEU predicts a 15-fold increase in beef exports over three years

Another priority remains the development of beef cattle breeding. With state support, the Elimay Kokpekti peasant farm plans to launch a feedlot for 3 thousand heads in the East Kazakhstan region in October of this year.

In 2018, the farm received a preferential loan from ACC. Having started with 150 heads of the Kazakh white-headed cattle breed, “Elimai Kokpekti” received the status of a breeding farm within 4 years.

According to the director of the farm, before launching the farm, he traveled to advanced countries in beef cattle breeding and tried to implement their experience in his farm. Today the feedlot already has 2,000 head of cattle. The farmer plans to export beef to the UAE and China.