THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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Hakan Oral, Chairman of the Erzurum Commodity Exchange Board of Directors, made a comprehensive statement to the public, noting that a significant step had been taken towards resolving the issue of access to finance, one of the most fundamental problems facing the agricultural sector for many years.
Oral stated that the inclusion of access to finance in the agricultural sector within the scope of support under the protocol signed between the Credit Guarantee Fund (KGF) and the General Directorate of Ziraat Bank marks the beginning of a new era for producers.
Emphasising that this step is of critical importance, particularly for farmers experiencing collateral insufficiency, Oral said, “For years, our farmers and SMEs operating in the agricultural sector have faced serious difficulties in accessing credit because they could not provide sufficient collateral. This situation was limiting production, delaying investments, and increasing cost pressures. With the KGF-supported Agricultural Guarantee Support Programme, the collateral problem will now be largely overcome; financing costs will no longer be a burden on our producers.”
Highlighting that agriculture is a strategic sector, Oral added, “The strength of our producers means the strength of our country. With easier access to finance, farmers will be able to produce more systematically, increase modernisation investments and enhance their global competitiveness.”
