President Recep Tayyip Erdoğan gave good news for farmers at the Ziraat Bank Agricultural Ecosystem Meeting. Erdoğan announced that the equipment loan was increased from 150 thousand liras to 250 thousand liras, the ovine loan from 400 thousand to 600 thousand liras and the bovine loan from 1 million to 1.5 million.
In his speech, Erdoğan emphasized the importance of support for farmers and emphasized the critical role of Ziraat Bank in the agricultural sector. He stated that the bank is not only a profit-oriented bank, but also a black day friend of farmers and industrialists. Erdoğan said that Ziraat Bank expanded its activities as the locomotive of Turkish agriculture and prevented farmers from falling into the clutches of loan sharks.
Importance of Agriculture and Preparation for the Future
Erdoğan stated that agriculture is not only an economic sector but also vital for the survival of the nation. Stating that in 21 years, they have taken important steps to strengthen the infrastructure of agriculture, the President said that Ziraat Bank has extended more than 480 billion liras in agricultural loans and that 75 percent of these loans are covered by the state.
Global Struggle and Strategic Importance of Agriculture
President Erdoğan drew attention to the increasing global struggle over water and food resources. Stating that agriculture will become even more important in the future, he emphasized that Turkey will act with the principle of local development in agriculture and support farmers with new projects. Erdoğan said that competition in the agricultural sector will intensify and preparations should be made accordingly.
New Supports and Credits
Erdoğan gave details about new loan arrangements for farmers. Stating that interest rate cuts will be provided to first-time farmers, the President announced new support packages for Ziraat Bank’s agricultural loans. The loan for women farmers was also increased from 1.5 million to 2.5 million liras.
In conclusion, Erdoğan’s speech offered important good news to farmers and once again demonstrated the strategic importance of agriculture for Turkey’s future. Ziraat Bank’s role in this process and the support provided by the state stood out as steps that will contribute to the development of the agricultural sector.
