Turkiye announces agricultural support payments for 2025-2027 

Barley, safflower, sunflower for oil, wheat, canola, lentil, grain corn, chickpea, cottonseed, potato, onion, soybean and forage crops were included for long-term production planning, the decision said. Shutterstock
Short Url
Updated 29 August 2024
Follow

Turkiye announces agricultural support payments for 2025-2027 

  • Aim of the three-year model — to be implemented for the first time — is to increase predictability for producers

ISTANBUL: Turkiye announced agricultural production support payments for 2025-2027, according to a presidential decision published in the country’s official gazette on Thursday. 

Barley, safflower, sunflower for oil, wheat, canola, lentil, grain corn, chickpea, cottonseed, potato, onion, soybean and forage crops were included for long-term production planning, the decision said. 

The agriculture ministry said in a statement the aim of the three-year model — to be implemented for the first time — is to increase predictability for producers. 

Under the new model, farmers will be provided basic support, and support in production planning and development. Farmers will also receive increasing amounts of support according to their compliance with plans and regulations, the decision said. 

The basic support rate is 244 lira ($7.16) per decare of land planted, with payments determined by applying coefficients assigned to certain crops, production techniques, water sources and other factors. A decare is a tenth of a hectare and equivalent to about a quarter of an acre. 

No figure was given on the total budget or funding for the support mechanism. 

Turkish farmers have long complained of sharp hikes in the prices of fertilizers and fuel due to the sharp depreciation in the lira over the past few years, and some have staged protests due to the high costs and low product prices. 


Saudi finance ministry, IMF to launch AlUla conference for emerging market economies

Updated 07 February 2026
Follow

Saudi finance ministry, IMF to launch AlUla conference for emerging market economies

RIYADH: The Saudi Ministry of Finance and the International Monetary Fund (IMF) will launch on Sunday the second edition of the annual AlUla Conference for Emerging Market Economies. 

Launched first in 2025, the conference this year brings together economic decision-makers, finance ministers, central bank governors, leaders of international financial institutions, and a select group of experts and specialists from around the world.

The conference, which will be held on Feb. 8 and 9, is going to highlight the rapid transformations occurring in the global economy and the challenges and opportunities they present for emerging market economies, particularly in the areas of international trade, monetary and financial systems, and macroeconomic policies.