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Presidential Resolution No. PP-3574 “On measures for radical improvement of financing production of raw cotton and spiked cereals.

Country/Territory
Uzbekistan
Document type
Regulation
Date
2018
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Cultivated plants
Keyword
Cereals/grains/rice Financial agricultural measures Fiscal and market measures Subsidy/incentive Agricultural commodities Crops/grasses Textile plants/fibres Plant variety
Geographical area
Aral Sea, Asia, Asia and the Pacific, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Entry into force notes
This Presidential Resolution enters into force on the date of signature.
Abstract

The President, in order to introduce large-scale market relations and radically improve the mechanisms of financing and settlement payments in agriculture, improve the financial and economic situation on this basis, improve the profitability of agricultural producers and their enterprises, ensure a sustainable growth in the volume of output, decrees to establish beginning from 1 March 2018 government-guaranteed prices for the purchase of raw cotton and spiked cereals applicable to varieties and classes that increase the profitability of producers and stimulate the cultivation of high-quality products; government purchase order shall not be applicable to raw cotton on lands with low soil fertility and yields of less than 15 quintals per hectare over the last 3 years. Debt of farms growing raw cotton and spiked cereals, formed as of 1 January 2018, related to servicing organizations, including intra-sectoral debt, as well as debt related to state budget and public trust funds shall be postponed and shall be applied writing off the accrued penalties and fines.

Full text
Russian
Website
lex.uz

References - Legislation

Implemented by

Decree No. 149 of the Cabinet of Ministers “On measures for large-scale introduction of market mechanisms in agriculture”.

Legislation | Uzbekistan | 2018

Keyword: Agricultural development, Agricultural commodities, Cereals/grains/rice, Financial agricultural measures, Fiscal and market measures, Business/industry/corporations, Fertilizers/nutrients, Equipment, Credit, Subsidy/incentive, Crops/grasses, Textile plants/fibres, Plant protection, Plant production

Source: FAO, FAOLEX