ArmInfo.Armenia's government is launching a pilot programme of supporting stockbreeding investment projects.
RA Minister of Economy Vahan Kerobyan stated that the projects will be implemented in cattle-breeding, swine-breeding and poultry breeding.
"We plan to implement large-scale stock-breeding projects. We have low-level self-sufficiency in cattle- breeding, swine-breeding and poultry breeding. We have to construct large agro-complexes," the minister said.
A decline in the gross livestock products was recorded in Armenia - from AMD 437.1bln in 2018 to AMD 433.8bln in 2020. A decline in the output of individual livestock products was recorded as well: 107.7 thousand tons of meat (slaughter weight) in 2020 and 654.3 thousand tons of milk in 2018.
The progamme provides for 5-step compensations to farmers under the investment projects in all Armenian regions - no more than 35% of the investments and no less than AMD 3.5bln. In poultry breeding the largest compensation amount is AMD 2.8bln. The share of capital in the investment pattern is to be 70% and more, with at least 60% of the amount to be directed to construction and equipment of buildings. Mr Kerobyan noted that the project will be audited by the "Great Four".
"It will ensure effectiveness of the projects. We plan to seriously raise the productivity of the agricultural sector and we will have large agro-complexes that will improve out food safety," the minister said.
Armenia's Premier Nikol Pashinyan ordered the heads of regional administrations to thoroughly analyze all the support programmes in Armenia's agricultural sector and explain the potential for development to farmers in Armenia's regions.
"This programme affords good opportunities for investments. We are providing a 35% discount for investments," the premier said.
A total of AMD 17.5bln will be allocated to five investment programmes in 2023-2027.
