Farmers invested 432.3 MD in agricultural equipment
28/08/2018 19:17, TUNIS/Tunisia

(TAP) -Farmers have invested 432.3 Million Dinars (MD) in agricultural equipment representing 49.7% of the total volume of reported investments, until July 2018, according to data from the Ministry of Agriculture, Water Resources and Fisheries.

The Agricultural Investment Promotion Agency (APIA) has indicated that these amounts have made it possible to purchase 1,748 tractors worth 112 MD, 89 combine harvesters worth 6.5 MD and 47 harvesting machines worth 1 MD.

APIA approved the purchase of 1595 tractors valued at 100 MD, 24 combine harvesters in the amount of 6.1 MD and 37 harvesting machines for a 1 MD budget.

Investment by development and agricultural development companies (SMVDA) increased to 19.7 million dinars from 5.7 million in the same period last year, and foreign investments stood at 13 MD against 6.5 D, in 2017.

Investments in the fruit growing sector have risen to 85 MD against 64.4 MD in the same period of 2017, of which 72.9% for the olive plantation of 62 MD.

 Reported investments in land preparation, harvesting and harvest reached 30 MD, accounting for 43.5MD of the total investment approved in the services sector.

The raw edible oil sector was the largest processor, with approved investments of 37.9 MD, accounting for 87.5% of the total approved investment in this sector, the majority of which is organic oil mills, i.e. a value of 36 MD.

 The rate of financing of agricultural investments by banks increased to 20.9% at the end of July 2018, compared with 8.4% during the same period in 2017.

The banks granted 51 land credits worth 6.8 MD, against 25 mortgage loans (2.2 MD), during the same period of 2017.

These credits will allow the integration of 675 hectares of land in the economic circuit.

 Some 5,190 declarations of investment in agriculture were registered with APIA, until the end of July 2018, with a total value of 869.7 MD, down 9.4% in number and 12.2 in value.

The agency had approved 3,143 investment transactions (386.7 MD) against 2,408 operations (276 MD), during the same period of 2017, up 30.5% in number and 40.1 in value.

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