Announcement

Collapse
No announcement yet.

Armenia's Agriculture Financing Halved In 2010

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenia's Agriculture Financing Halved In 2010

    ARMENIA'S AGRICULTURE FINANCING HALVED IN 2010

    PanARMENIAN.Net
    April 21, 2010 - 12:09 AMT 07:09 GMT

    Armenian Deputy Minister of Agriculture Samvel Avetisyan said that
    the financing of Armenia's agriculture has halved in 2010, totaling
    AMD 600mln against 1.6 billion in 2008 and 2009.

    "Due to the crisis, the state financing has significantly reduced,
    making around 600mln," Mr. Avetisyan told a press conference in
    Yerevan on April 21.

    According to him, a part of the allocated funds is foreseen for the
    animal husbandry, specifically, for providing services and vaccination,
    another part is provided for preserving the crop production.

    In addition, the Chinese government granted 61 tractors to Armenia.

    Samvel Avetisyan added that the government also plans to allocate
    huge funds for the financing of irrigation water system, the charge
    for which rose from AMD 9 to 11 per 1 cubic meter.

    "Certainly, these measures are not enough, since agriculture requires
    substantial state assistance, due to its specific nature. Agriculture
    is not reduced to agricultural production, but it also involves
    development of rural territories and communities, protection of
    landscapes and ecology, etc" Mr. Avetisyan said.

    At the same time, the Deputy Minister added that with worsening of
    production conditions, a farmer not only incurs losses but even leaves
    the business.
Working...
X