On May 31, an on-site press conference was held in the Akkol region on the topic of the new industry program for the development of meat livestock farming for 2018-2027 (hereinafter referred to as the Program), which was attended by Vice-Minister of the Ministry of Agriculture Arman Evniev, Chairman of the Board of Agrarian Credit Corporation JSC » Narmukhan Sarybaev and the head of the Meat Union of the Republic of Kazakhstan Maksut Baktibaev.

In accordance with the Program, the state provided agricultural producers with affordable borrowed funds under the “Sybaga” and “Altyn Asyk” lending programs. The Corporation has developed a lending program for the development of cattle and small cattle in the Sybaga meat sector. The lending rate for loans from own and borrowed funds will be 4% per annum (GESV - from 4% per annum), taking into account subsidies. “Farmers will have the opportunity to receive loans for the purchase of purebred breeding and commercial breeding stock of cattle and small cattle for a period of up to 15 years,” said Narmukhan Sarybaev. Applications for loans under this Program are already accepted in all credit partnerships that are located in each regional center, as well as microfinance organizations and regional investment centers. A mandatory condition of the Program is the use of genetics of breeding animals and breed improvement of livestock. Borrowed funds will allow farmers not only to purchase breeding stock of cattle and sheep, but also the necessary agricultural machinery and equipment, as well as to replenish working capital.

The new program provides for the provision of the most loyal treatment to the borrower regarding collateral - in the case of a low value of the borrower’s collateral, it is possible to apply the guarantee of KazAgroGarant JSC up to 85 percent of the loan amount.

During the conference, the first credit check for the purchase of breeding stock of cattle was presented to the head of the Manat peasant farm, located in the village of Novomarkovka, Ereymentau district, Akmola region. The farmer plans to use borrowed funds in the amount of 23 million tenge to purchase livestock for transhumance and grazing, as well as to purchase fodder equipment.

Today, domestic demand for cattle and small cattle meat is fully satisfied, however, the export potential is only 34% fulfilled (according to the Ministry of Agriculture). The Russian Federation, China, Iran and other countries are interested in Kazakh meat.