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“Harvest of 2012”. Affordable Harvesters for the Farmers

“Harvest of 2012”.  Affordable Harvesters for the Farmers 25.06.2012 The Kazakhstan agrarians can purchase the grain harvesting machinery under the simplified scheme by the harvesting campaign of 2012. “KazAgroFinance” JSC has approved the light terms of financing, which essentially extend the opportunities of the farmers to purchase the necessary harvesters by the forthcoming harvest time. The Company offers the new leasing product “Harvest of 2012”, which provides for a number of measures, including the decrease in the amount of the advance payment and the postponement of the payments for the machinery to be purchased by the farmers. First-of-all, and to a considerable degree these measures are aimed at the support of the small farms. As it is commonly known, for the present not all country men, being specialized in the plant growing, have the opportunities to purchase and maintain the technical park required for performing the field works. This refers to the small farms and farm enterprises, which have to involve the leased machinery at the height of the season, hampering all agro technical dates and often having the loss of harvest as a result. The new light terms under the Program “Harvest of 2012” provide for the following measures: - first (advance) leasing payment of 10% of the total cost of the subject of leasing (harvester); - possibility to lease the machinery before the payment of thee first leasing payment; - postponement of the first leasing payment before the harvest of the current year (before November, i.e., the period, when the farm completes harvesting and gathers all yield). According to the new program the relatively inexpensive and maintenance cost-effective grain harvesting machinery produced in Russia and Kazakhstan – the harvesters “Niva”, “Yenissei”, “Essil”, “Vector” will be leased. Taking into consideration the affordable cost (in average, from KZT10 million) these harvesters are of demand, and the small and medium agricultural entities purchase them annually. For example, according to the data of monitoring by KazAgroFinance the country men have purchased 263 harvesters “Essil”, 206 Yeniseis and 162 ”Vectors” from the Company only for the last two years. As of today KazAgroFinance held the negotiations with a number of suppliers and manufacturers (“AgromashHolding” JSC, “Chetra-Vostok” LLC, “Combine Factory Rostselmash” LLC), which production capacity allows supplying of at least 760 units of harvesters to Kazakhstan by September 1. For 2000-2012 “KazAgroFinance” JSC has invested over KZT240 milliard in the development of the agricultural sector of the republic. During this period the leasing company has financed the purchase of about 20 thousand units of various agricultural machinery and the processing equipment to the total amount of KZT167.7 milliard. “KazAgroFinance” JSC is the company established by the Regulation 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 agricultural producers with the access to the financial funds, as well as to the agricultural machinery and technological equipment on the lease basis. It is a part of the National Managing Holding “KazAgro”.

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