$ 25 million will be invested to Development of Seed production in Kazakhstan

During the first year, the volume of investments will be about $ 25 million with a further increase.

The task of the Joint venture is to provide farmers of Kazakhstan with quality seeds that are adapted to the wetather conditions of the country. In the long term - access to the CIS market.

As Mr. Shukeyev, the Deputy Prime Minister of the Republic of Kazakhstan - Minister of Agriculture has noted, the creation of such advanced enterprises plays a huge role in achieving the goals set by the Head of State to increase labor productivity and export of processed agricultural products 2.5 times. The production of high-quality seeds will directly affect crop yields and will be the basis for the growth of the country's forage production. Also, the use of high-quality seeds by Kazakh farmers, in part of their high yields, will be able to significantly reduce the cost of expenses for farmers, increase the profitability of crop production.

It should be noted that within the framework of the implementation of the State Program for the Development of the AIC for 2017–2021, the Ministry is working to develop seed production in the Republic of Kazakhstan. Thus, the procedure for subsidies in seed production was revised; if before the farmer needed to look for funds to buy quality seeds or, as a last resort, use commercial grains as a planting material, then starting next year, farmers will be able to receive seeds of main crops for free in the spring according to the norm, and instead in the fall, after the harvest, must transfer to the special fund for seed development 30% of the value of the seeds obtained. This will allow the farmer to sow some of his area with quality seeds, and by reproducing, after three years, sow with seeds only high reproduction. In turn, the funds accumulated in the seed development fund will be used to finance seed farms to acquire the necessary equipment and equipment to improve the quality of the seeds produced.

The chairman of the board of directors of the KUSTO Group, Yerkin Tatishev, emphasized that the emergence of such a specialized company in the field of seed production is a very important step for the development of the country's crop production. Advanced technologies and competencies of American partners in this industry will allow to focus the processes not only on seed production, but also on selection work.

Representatives of American investors noted the positive dynamics of development of the agricultural sector in Kazakhstan, as well as the measures taken by the government to support all sectors of the agro-industrial complex in the G2B format.

 

Reference:

Baumgartner Agriculture Science and Service (BASS) is one of the leading service and research companies in the seed industry.

Kusto Group was founded in 2002. The group works in 10 countries of the world: Canada, China, Georgia, Israel, Kazakhstan, Russia, Singapore, Turkey, Vietnam, Ukraine in such sectors as development, construction materials, oil production, development of a network of filling stations of the new format “Compass”, agriculture. There are more than 30 companies in the group with 8000 employees involved.