Food Corporation approved farmers' requests totaling over 2.7 bln tenge

ASTANA. KAZINFORM - The Food Corporation of Kazakhstan continues implementation of the program on purchase of wheat and barley from farmers by means of spring and summer financing on a security of social and entrepreneurship corporations.

As of February 25, the Food Corporation received over 600 requests from farmers totaling over KZT 5.3 bln. Besides, the total cultivated area exceeded 880 thousand ha," the press service of the company informs.

283 requests amounting to more than KZT 2.7 bln were approved after consideration. The total cultivation area within these requests will be 450 thousand ha.

As earlier reported, the farmers have to discharge their obligations not later than November 1, 2015, including by means of wheat supplies. In total, KZT 650 mln has been allocated for implementation of the program.

The KazAgro Group of Companies plans to allocate about 98 bln tenge for holding spring-sowing and harvesting campaigns in 2015.

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