188,000 individuals, legal entities benefit from state programme for agricultural land owners
With a total budget of ₾35 million ($11.4mln/€10.5mln), the programme aims to facilitate timely implementation of agricultural works and have a positive impact on associated costs. Photo: The Ministry of Agriculture.
Tweet 
Share
A total of 188,000 individuals and legal entities have benefited from the state programme for the promotion of agricultural land owners, Georgia’s Rural Development Agency said on Friday.
The programme has offered land owners subsidies of ₾300 ($97/€90) per hectare of land since May, with owners, co-owners and the beneficiaries of land plots of between 0.25-1.25 hectares receiving the subsidy as points added to their special agricultural accounts.
The points enable them to purchase goods needed for farm-related work on the land plots.
With a total budget of ₾35 million ($11.4mln/€10.5mln), the programme aims to facilitate timely implementation of agricultural works and have a positive impact on associated costs.
Georgian farmers will be able to get low-interest loans for production of annual crops, following latest changes to the preferential agro-credit state programme, Georgian Agriculture Minister Otar Shamugia announced on Monday.
A new report published by the World Bank on Tuesday said agriculture, water, and land in Georgia could be a source of “increased economic productivity,” including a transition from low agriculture returns to high-value crop production, if supported by targeted policies and complementary public and private investments.
The Georgian Government will subsidise agricultural land owners with a state programme offering ₾300 ($97/€90) per hectare, Prime Minister Irakli Garibashvili announced on Monday.
A total of 2,100 hectares of agricultural land will be cultivated free of charge in the country’s Black Sea region of Adjara this year, the local Government announced on Wednesday.
A total of 6,651 preferential loans worth ₾104.3 million ($36.6mln/€36.4mln) have been issued in Georgia since March 22 for the production of annual crops by farmers, the country’s Rural Development Agency announced on Friday.