Farming: 40.7% increase in value of private agricultural investments approved over first eight months of 2022

Private agricultural investments approved during the first eight months of 2022 reached a value of 383.2 MD against 272.3 MD during the same period of the previous year, thereby increasing by 40.7%, APIA said on Wednesday.

 

In number, the approved investments amounted to 2014 investment operations against 1949 operations in 2021, thus evolving by 3.3%.

 

Compared to the 2016-2020 development plan, private agricultural investments recorded a 19.6% decrease in number and a 17.2% increase in value.

 

These investments will create 2142 permanent jobs, compared with 2156 over the same period in 2021.

 

They are distributed at the rate of 230.5 MD for the agriculture sector, 33.9 MD for the fishing sector, 18.3 MD for the aquaculture sector, 48.8 MD for the services sector and 51.6 MD for the primary processing sector.

 

// Sectoral distribution of investments

 

The investments in poultry farming amounted to 59.8 MD, against 15.7 MD during the same period in 2021.

 

The approved investments amounted to 118.9 MD in arboriculture which represents 52% of the total volume approved in the agricultural sector, 98.5 MD in olive growing, 20 MD in trawl fishing activity (after being about 4 MD) and 18.3 MD in fish farming activity in floating cages

Investments in the aquaculture sector have developed to represent 5% of the total volume approved, after being 1%.

 

In the sector of milk collection, these investments have evolved by 63.8% to reach 7.7 MD after being about 4.7 MD.

 

The same upward trend was noted for approved investments in oil mills which amounted to 39.4 MD against 8.1 MD during the same period of the previous year, which represents 76% of the total approved investments in the primary processing sector.

 

In the activity of cold storage of agricultural products, investments amounted to 6.3 MD.

The investments approved for the benefit of young people and women have increased by 4.9% and 65.7% respectively. Those with foreign participation were limited to a single operation, with a French contribution, relating to the breeding of insects and the production of proteins entering the composition of animal feed, animal oils, fertilizers and organic fertilizers for a value of 2 MD.

 

The approved investments benefited from subsidies amounting to 103.2 MD, which represents 26.9 % of the approved investment volume against 82.8 MD during the same period of the year 2021.

The subsidy for the acquisition of agricultural equipment reached 36.9 MD, which represents 35.8% of the total approved subsidies. The subsidy for organic farming increased by 44.6% to 8.1 MD.

The credit rate rose to 22%, after being around 20%.

 

The benefit committees approved 34 land loans worth 5.6 MD against 36 loans worth 5.5 MD in 2021. These loans will allow the integration of 359 hectares of land into the economic cycle.

 

During the first eight months of 2022, 4155 investment operations with a value of 807 MD were declared against 4448 declarations with a value of 896.6 MD during the same period in 2021, thus recording a fall of 6.6% in number and 10% in value. Compared to the 2016-2020 development plan, declarations have decreased by 18.3% in number and 10.8% in value.

 

Source: Tap News Agency