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2020-06-11 18:10
Armenian farmers are showing increasing interest towards the financial aid programmes. This was mentioned by Tigran Khachatryan, Minister of Economy of RA during the Parliament committee hearings of 2019 Government Budget expenditure report on June 10th.

According to the Minister, the amount of loans provided to the  farmers, paid by the Government, has reached 60 billion Armenian drams. These loans are aimed at purchase of agricultural machinery, installation of drip irrigation systems, breed cattle, and intensive farming. The Minister noted that investments in the agricultural sphere do not always show results right away, these require time. This is the reason that the Government programmes are either mid-term or long-term.

As stated by Tigran Khachatryan, the agriculture has experienced minimum loss from the COVID-19 economical impacts. International institutions also actively take part in the development of the agrarian sector, i.e. the World Bank supports the economic fast advancement through grants dedicated to purchase of machinery and technical equipment for the agriculturists. This programme will carry forward in 2020 - 2021.

The Minister also informed that the legislative changes of two laws are planned, and those are directed at solving the issue of unused agrarian lands as well as food safety. According to him, the Government intends to form techniques to motivate the land owners to either voluntarily sell the unused lands, or to lend to renters.

Tigran Khachatryan mentioned that currently Armenia is locally meeting half of Country’s needs for grain, totally fulfilling the necessity of red meat, and a quarter of the needs of poultry. RA has the right to replenish the remaining quantity from the EEU Countries.

The Minister stated that overall, the Armenian agriculture has the capability to raise the current 14 percent unit weight in the Country’s GDP to an extensively significant indicator. According to the forecasts, the growth of this field will be 0.8 percent in 2020.