BFC Georgian Agriculture Finance Bulletin. Edition #96, August 2020
The project is expected to begin next year, once the situation surrounding the COVID-19 pandemic has relaxed.
9)
Seedling nursery opened in Marneuli
August 26th, 2020, https://cbw.ge/economy/agriculture-minister-and-usaid-mission-director-open-mza-chitili-seedling-nursery
A new seedling nursery, Mza Chitili, has opened in the village of Azizkedi (Marneuli district) thanks to financial and technical support from the United States Agency for International Development (USAID). The nursery is important for the development of high-quality seedlings and cultures in the country, which is central to the further development of the agricultural sector as a whole. Mza Chitili also benefited from state financial assistance under the United Agro Project. Total investments in the nursery amounted to GEL 2.8 million, including GEL 1 million in preferential agricultural credit and GEL 365,000 in grants.
Private Sector 10) Bank of Georgia launches new loan product for almond, olive orchards August 4th, 2020, https://netgazeti.ge/news/472086/
The Bank of Georgia is launching a new agro-loan for the cultivation of almond or olive groves. Loans are available for the purchase of fixed assets and for working capital required for the cultivation and maintenance of a garden for a period of four years. The maximum loan term is 120 months. The loan also includes assistance in contracting with local and international buyers in advance. It is also important to note that the loan is subject to preferential and grant conditions offered by the Implement the Future and Cheap Agro Credit programs.
11) Snail farm to be created in Western Georgia August 10th, 2020, http://bizzone.info/agriculture/2020/1597105120.php
The Bank of Georgia is financing an Icebergs LLC project to create a snail farm in the town of Abasha (Western Georgia). The farm is expected to be capable of producing up to seven tons of snails per year, which will then be sold for medicinal purposes as well as a delicacy.
12) Plentiful and high-quality corn harvest expected August 10th, 2020, https://mepa.gov.ge/En/News/Details/19047
A high-quality and plentiful corn harvest is expected this year thanks to efforts undertaken by the National Food Agency, particularly measures to combat the Asian stink bug. In particular, the National Food Agency assisted corn farmers in implementing the cold spraying of expert-recommended pesticides. It is important to note that these treatments were all carried out in compliance with safety rules and procedures. Georgia’s fight against invasive pests and diseases in recent years has been used as a worldwide example for how to eradicate such threats to agriculture.
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