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“Harvest of 2012”. Harvesters for the Farmers on Preferential Terms

“Harvest of 2012”. Harvesters for the Farmers on Preferential Terms 20.07.2012 Some 200 applications fr om the farms were addressed to “KazAgroFinance” JSC for the first two weeks from the launch of the Program “Harvest of 2012”. As it was informed, according to the new action the Kazakhstan agrarians can purchase the grain harvesting machinery under the simplified scheme by the harvesting campaign of 2012. “KazAgroFinance” JSC, the company, being the part of the National Holding “KazAgro”, approved the preferential terms of financing, which substantially expand the opportunities of the farmers for purchasing of the harvesters necessary in the forthcoming harvesting campaign. First-of-all, this Program is aimed at the support of the small farms. Today, the most of the approved applications fall within North-Kazakhstan oblast. Farm “Danyarov” is among the first ones, which obtain the harvester within the framework of this new Program. According to its Head Kalym Danyarov, the opportunities, which are provided by this action, exceeded all expectations. The reducing of the advance payment for the harvester purchased on lease basis by more than two times and the grace period for the payments till the time, when the farmers finish harvesting, and at that, the interest rate of 4% for the term of up to 7 years are the appreciable support for the farms with the lim ited budget. The Head of another farm from North-Kazakhstan oblast – Farm “Dina”, Gali Kussainov says that not all countrymen have the opportunity to purchase and maintain the necessary park of the agricultural machinery. Many of them have to involve the leased harvester in the height of season, but it is clearly that nobody provides its machinery until it finish with its harvesting. That is why, often, all the agro technical terms are upset, and they have impact on the grain quality. We, Kussainov says, previously purchased the machinery under the line “KazAgroFinance”, but this time we have taken the advantage of the new terms of financing under the Program “Harvest of 2012” and purchased “Vector” harvester. In accordance with the new Program the relatively inexpensive and maintenance cost-effective grain harvesting machinery produced in Russia and Kazakhstan – “Niva”, “YeniseI”, “Essil”, “Vector”, and “Akros” harvesters are provided on lease basis. Taking into account the affordable cost (on average, from KZT10 million) these harvesters are of demand, and the small and medium agricultural entities purchase them annually. The new preferential terms under the Program “Harvest of 2012” provide for the following measures: - first (advance) leasing payment of from 10% of the total cost of the subject of leasing (harvester); - opportunity to lease the machinery before the first leasing payment; - grace period for the first leasing payment before obtaining the yield of the current year (before November, i.e. the period, when the farm finishes the harvesting and gathers all yield). As of today “KazAgroFinance” has held the negotiations with a number of suppliers and the manufacturers (“AgromashHolding” JSC, “Chetra-Vostok” LLC, “Combine Factory Rostselmash” LLC), which production capacity allows supplying at least 760 units of harvesters to Kazakhstan by September 1. It should be noticed that all range of grain harvesting machinery, which is provided by “KazAgroFinance” within the framework of the Program “Harvest of 2012”, will be fully represented at the traditional exhibition fair of the agricultural complex achievements “Karaotkel-2012” on July 21-22, in Astana city. 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 KZT178.5 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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