Made another decision on Agricultural Subsidies

At the regular meeting of the National Commission on Agricultural Subsidies under the chairmanship of the Minister of Agriculture Ismet Abbasov July 2, taken fourth in a row this year, a decision on the allocation of subsidies to companies that have implemented fertilizers under 50% of the cost.

According to the press service of the Ministry of Agriculture, it was decided to grant subsidies to four subjects for a total of 3 million 228 thousand manats. The funds were received by the governmental Agroleasing and LLC Agrokimya, Micro Az Feed and NUR-AZE.

These companies have provided 14 487.6 tons of mineral fertilizers to 9,474 farmers and agricultural companies for fertilizing 83.2 thousand hectares of land.

Subsidization of agriculture in Azerbaijan has been carried out from 2006. Since 2007, half of the funds for the sale of mineral fertilizers to farmers are subsidized from the state budget.

In 2013, the state budget for the provision of agricultural subsidies will be allocated 125 million manat, including mineral fertilizers - 25 million manat. At present, they used more than 12 million manat for mineral fertilizers.

In 2012, these expenditures made up of 114 million manat. Of these, 18 million manat were allocated to suppliers of fertilizers. - 08D-