11 Georgian agricultural cooperatives purchase $448,637 worth of equipment with state support
Eleven agricultural cooperatives in the western Georgian region of Samegrelo have recently purchased agricultural equipment worth ₾1.2 million with a 50% co-financing from the state. Photo: Ministry of Agriculture
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Eleven agricultural cooperatives in the western Georgian region of Samegrelo have recently purchased agricultural equipment worth ₾1.2 million ($448,637) with a 50 percent co-financing from the state, the Ministry of Agriculture said on Wednesday.
Minister Otar Shamugia inspected the equipment and implements purchased within the state programme for co-financing agricultural machinery for cooperatives.
The purchase of agricultural machinery was available with agro-credit for large farmers. There was a demand for a support programme from small entrepreneurs and [it] was developed. Farmers who join forces and create a cooperative will receive 50 percent co-financing for the purchase of equipment”, Shamugia said.
Between 2023-2024, the programme has financed 62 agricultural cooperatives in Georgia in their purchase of 331 units of pulling machinery and implements worth ₾7,275,591 ($2,720,084).
Between 2016-2023, over 7,500 units of equipment and implements with varying capacities worth more than ₾440 million ($164.50mln) were purchased as part of the programme, the Ministry said.
The Rural Development Agency of Georgia’s Ministry of Agriculture will co-finance interest of loans taken out by farmers to grow single-year crops, the Government announced on Monday following the weekly meeting led by Prime Minister Irakli Garibashvili.
Georgian Prime Minister Irakli Garibashvili and Agriculture Minister Otar Shamugia on Thursday reviewed projects in the sector for this year, from the budget of the Preferential Agrocredit Programme to financing for irrigation infrastructure and promotion of the country’s produce.
Otar Shamugia, the Minister of Environmental Protection and Agriculture of Georgia, on Wednesday said the state would continue co-financing expenses required for maintenance of annual crops by farmers.
Residents of mountainous areas of Georgia will be able to purchase small-scale farming equipment with state co-funding thanks to a new ₾5 million ($1.85mln) programme approved at today’s Government meeting.