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Dairy Farm “Bek+” Reaches the Design Capacity Ahead of Schedule

Dairy Farm “Bek+” Reaches the Design Capacity Ahead of Schedule 18.12.2014 The dairy farm “Bek+” in Kostanai region has imported the final consignment of the dairy cattle from USA under financing by KazAgroFinance JSC and today it is ahead of schedule for reaching the design capacity. The project for green field construction of the dairy farm equipped according to the most advanced technology to the value of almost KZT3.5 mlrd. was financed by KazAgroFinance. The share of the key financial operator at the agricultural investment market of Kazakhstan amounted to approximately KZT2 mlrd. 700 mln. The funds were allocated from the National Fund of the Republic of Kazakhstan at 6 % p.a. The dairy farm “Bek+” provides for keeping of 1200 head of cattle. They decided in favour of the Holstein-Friesian breed, since this breed is a world leader in productivity. This year the agricultural entity received the third and final consignment of cattle of 293 head from the United States of America. The design capacity of the agricultural entity is over 7000 ton of milk per year. According to plan, this year the farm should reach the figure of 2200 ton of milk, however, as of October 1, they have already milked 2785 ton here, thus, having reached the design capacity ahead of schedule, which finally is 169%. It stands to mention that the construction and upgrading of the dairy farms is a priority trend of financing by KazAgroFinance JSC. To date the Company has approved 33 projects in the dairy farm production to the total amount of over KZT38 mlrd. of which KZT27.5 mlrd. is a share of the Company’s financing. The accumulated design capacity of the dairy farms will be approximately 150 thous. ton of milk per year.

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