“KazAgroFinance” JSC has invested about KZT63.3 milliard in the agricultural sector of Akmolinskaya oblast
02.04.2013 As of today “KazAgroFinance” JSC has invested about KZT63.4 milliard in the agricultural sector of Akmolinskaya oblast (2000 – 2013). For 2000 – 2013 the Company has financed the purchasing of 5 525 units of agricultural machinery to the total amount of KZT45 milliard by the agricultural entities of Akmolinskaya oblast. Within the preparation for the spring field campaign of 2013 the applications for purchasing of 1190 units of machinery to the amount of KZT11.3 milliard, including the applications from Akmolinskaya oblast for purchasing of 88 units of machinery to the amount of KZT1.7 milliard have been submitted to the Company. Within the Program “Beef Export Potential Development” for 2011-2012 it was imported 2 813 heads of foreign cattle to Akmolinskaya oblast, including in 2011 – 1 560 heads, and in 2012 – 1253 heads, through “KaAgroFinance” JSC. As of today 11 of 16 Investment Projects approved in Akmolinskaya oblast to the amount of KZT4.0 milliard have been implemented and commissioned. Among them are two greenhouse complexes with the total area of 6.56 ha, three commercial vegetable storehouses with the total capacity of over 13 000 ton of vegetables, the dairy farm for 800 heads of cattle, as well as the projects for fodder production development and vegetable production applying the drip irrigation. In 2013 another 4 large projects to the amount of KZT772.7 million are expected to be commissioned in the oblast. These projects are mainly aimed at construction and modernization of the granaries as the strategic objects in this grain region of the republic. Moreover, under the support of “KaAgroFinance” JSC the projects for fodder production development, milk processing, as well as the egg poultry farm with the total output of 400 thousand eggs per day were launched, and are successfully operating in the oblast. In general, under all investment trends the terms of financing of “KaAgroFinance” JSC for the entities of agricultural sector of the country are from 4 to 6 % p.a. for the period of 5 up to 12 years with the grace period for the principal repayment of 1 up to 3 years. Moreover, within the Government Program “Agribusiness-2020” by subsidy of the part of interest rate under the agreements to be entered into with “KaAgroFinance” JSC for leasing of the agricultural machinery and special machinery, the state undertakes to reimburse the agricultural producers for 7% of the total financing rate. Thus, the interest rate on leasing of the agricultural machinery and special machinery with “KaAgroFinance” JSC taking into account the subsidy made up 5.8% instead of 12.8 % p.a. The period of subsidy is 3 years with the possibility of its extension up to 7 years. For information: “KazAgroFinance” JSC is the company established by the Regulation of the Government of the Republic of Kazakhstan in 1999. The key goal is to support the development of the agricultural sector of the republic by providing the agricultural producers with the access to the finance, as well as to the agricultural machinery and technological equipment on lease basis. One of the main goals of «KazAgroFinance” JSC is the renewal of the machinery and tractor fleet of the Republic of Kazakhstan by leasing of the agricultural machinery and equipment to the agrarians. Thus, during its activity the Company has financed the purchase of over 21 thous. units of various agricultural machinery and processing equipment to the total amount of over KZT188. 0 mlrd.
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