KazAgroFinance and Agribusiness of Canada
24.05.2012 One of the events of V Astana Economic Forum is the meeting of the Minister of Finance of Canada Ted Menzis with the CEO’s of the public structures and organizations representing the agricultural sector of the Kazakhstan’s economy. The meeting is not random, since the Canadian party is in touch with the processes taking place in the agriculture of our republic, and, as it was noticed, it is interested in participation to implement the most prospective projects. KazAgroFinance is one of the key financial institutions in the agricultural branch of Kazakhstan, who established the close contacts with the Canadian enterprises and business structures. Since 2004 the Kazakhstan leading leasing company has been cooperating with the key Canadian producers and suppliers, whose products are oriented at the agricultural sector. As Mr. Menzis noticed, in Kazakhstan, in particular, with KazAgroFinance, the Canadian companies effectively cooperate on the trends related to the supply of the agricultural machinery. However, on the Minister’s opinion, today there are all the opportunities to implement other mutual projects on the parity basis with the participation of the Canadian investors. The business of Canada is ready to share the advanced technologies in the beef cattle breeding, forage production, arrangement of the joint assembly factories, implementation of the grain deep processing technologies, creation of the large dairy farms and etc., i.e. in that trends, where today KazAgroFinance provides financing for the Investment Projects. At the present time KazAgroFinance succeeds in cooperation with such large Canadian suppliers and producers as Buhler Industries, Morris Industries, MacDon Industries, Alta Exports International, CanAgro Exports, Xports International, Friesvale Farms International. In general, the Kazakhstan leasing company purchased about 400 units of the agricultural and special machinery to the total amount of KZT 10.2 milliard from the Canadian partners. All the purchased machinery was leased to the domestic agrarians. Moreover, being oriented at its lessees’ applications, “KazAgroFinance” purchased over 4 heads of pedigree beef and dairy cattle to the amount of KZT 3.2 milliard in the pedigree farms of the country of maple-leaf. As it was noticed, KazAgroFinance is ready to extend the horizons of cooperation, if it is for the welfare of the domestic agriculture. “KazAgroFinance” JSC is the company established by the Decree of the Government of the Republic of Kazakhstan in 1999. The key goal is the support of the agricultural sector of the republic by providing the access of the agricultural manufacturers to the financial funds, as well as to the agricultural machinery and technological equipment on the lease basis. It is the part of the National Managing Holding “KazAgro”.
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