Bank Of Baku

Preferential loans to be granted for Azerbaijan-based farmer cooperatives

 Preferential loans to be granted for Azerbaijan-based farmer cooperatives
# 10 December 2012 09:04 (UTC +04:00)

 

Farmers started to unite in cooperatives. Because of usage from technique in 3-5 ha areas is expensive. That’s why it needs to create large economies”.

 

He says Azerbaijan taken the practice of different developed countries, as well Germany into consideration while it elaborated draft law on agricultural cooperations. This draft law will allow regulating the process on cooperations’ creation and applying simulator mechanisms. 

 

Chairman noted that as a result of cooperations, most of agricultural products will be produced by farmer economies.

 

The Director of Research Institute of Economy and Organization of Agriculture (IEOA) Sadiq Salahov said that the law cooperation also includes simulator mechanisms for uniting of farmers: “According to draft law, the minimum number of farmers in the cooperations must be 5”.

 

 

 

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THE OPERATION IS BEING PERFORMED