Turkish agricultural credit cooperatives (agricultural credit) carry out activities in the context of meeting the agricultural loan and input needs of farmers quickly and appropriately.
In this context, Tarım Kredi provided 10 billion and 7 million TL of agricultural credit in 2021. In October 2022 it is estimated that around 20.7 billion lire of agricultural loans have been granted.
As part of the zero-interest livestock loan, Lire 1.5 billion was extended in 2021 and Lire 2.4 billion in October of this year.
Also, kakım legislative work continues to expand contract manufacturing under the President’s decisions, Ziraat Bank and agricultural credit unions have provided low-interest support for contract manufacturing in the current situation.
LOW INTEREST LOAN OVER 100 MILLION LIMIT
In this context, subsidized loans up to a maximum limit of TL 100 million are granted to natural or legal persons who have contracted production at discount rates of 50-80%.
Ziraat Bank and agricultural credit unions provide loans with zihin interest rate of 75% for both investment and business loans to those who will raise poultry farmers, 55% for investment loans and up to 80% for business loans for those who will commercial poultry farming.
Agricultural credit bought 1.1 million tons of commodities worth TL 3.3 billion last year and 1.4 million tons of commodities worth TL 10.5 billion in October of this year. ‘year.
As part of the production under contract, in October of this year, 406 thousand tons of production were made for a value of 3.7 billion lire out of 2.1 million decare with 31 thousand 831 producers.