Kazakhstan is systematically transitioning its agricultural state support system to an earlier financing schedule. While a significant portion of credit funds previously arrived directly during the field operations period, agricultural producers now have the opportunity to prepare for the season several months in advance.

This approach aligns with the directive given by Head of State Kassym-Jomart Tokayev at the First Forum of Agricultural Workers on November 15, 2024—aimed at providing farmers with necessary financial resources prior to the start of core seasonal operations and improving the quality of spring sowing preparation.

For the agricultural sector, timing is critical. Seeds, fertilizers, plant protection products, fuel, and spare parts are required long before equipment enters the field. Early lending allows farmers to build up necessary reserves, prepare machinery, and balance their financial workload ahead of the most demanding stage of the agricultural cycle.

The Early Financing Mechanism Has Become Systemic

The initial practical step occurred at the end of 2024. In fulfillment of the President's instructions, the Agrarian Credit Corporation opened applications for early financing of the 2025 spring sowing campaign on November 29.

The mechanism was subsequently refined, shifting its launch dates to even earlier periods.

Starting October 1, 2026, application acceptance begins for financing spring field and harvesting operations for the 2027 season. A total of 200 billion tenge is earmarked for these purposes, with an interest rate of 5% per annum for farmers.

Thus, financial preparations for the upcoming season begin in the autumn, well ahead of spring field operations.

Expanding Support for the Agro-Industrial Complex

Early financing is expanding amid an overall increase in preferential lending to the agricultural sector, following the priorities for further agricultural development outlined by the Head of State in his Address, "Kazakhstan in the Era of Artificial Intelligence: Current Tasks and Their Solutions Through Digital Transformation." Over the last three years, funding volume for spring field and harvesting operations has grown nearly 1.8-fold, reaching 750 billion tenge.

• 2024: 421 billion tenge was allocated, including 100 billion tenge for early financing of the 2025 sowing campaign.
• 2025: 649.3 billion tenge was allocated, with 147.8 billion tenge directed toward early financing for the 2026 season.
• 2026: 750 billion tenge is designated for spring field and harvesting operations, alongside 200 billion tenge for early financing of the 2027 season.

As of September 28, 2026, 664.4 billion tenge has been issued to farmers, covering more than 8 million hectares in total financing.

Receiving funds in advance enables farms to make timely preparations—purchasing seeds, fertilizers, crop protection products, fuel, and spare parts, completing machinery maintenance, and entering into contracts with suppliers well ahead of time.

Expanding Access to Financing

Concurrently, tools expanding access to credit resources for agricultural producers are being broadened.

An insufficient collateral base remains a core issue for many farms. To address this, a guarantee mechanism is applied, covering up to 85% of the loan amount for spring field and harvesting operations:

• 2024: 401 guarantees were issued for a total loan amount of 94.2 billion tenge.
• 2025: 1,633 guarantees were issued for a total loan amount of 283 billion tenge (including 300 guarantees totaling 51.4 billion tenge within early financing).
• 2026: 1,735 guarantees have been issued for a total loan amount of 274.2 billion tenge.

Financial instruments are made available through second-tier banks, credit partnerships, social-entrepreneurial corporations, and the branch network of JSC "Agrarian Credit Corporation."

2026 Sowing Campaign Completed on Schedule

Performance metrics for 2026 demonstrate the practical results of the updated system:

• The 2026 sowing campaign was completed across all regions within established agrotechnical deadlines. Total sown area reached 24.2 million hectares, marking an increase of 597,000 hectares over the previous year.
• To supply farms during the sowing campaign, 402,300 tons of preferential diesel fuel was allocated at a price of 281 tenge per liter.
• The seed fund was established at 2.3 million tons.

Harvesting Campaign Maintains High Momentum

To date, 13.5 million hectares of grain crops have been harvested in Kazakhstan, representing 83% of the total area of 15.6 million hectares. During the same period last year, 11 million hectares (68.6% of 16.1 million hectares) had been harvested.

• Grain: With an average yield of 14.7 c/ha, 19.9 million tons of grain have been threshed.
• Oilseeds: 2.4 million hectares have been harvested. With a yield of 10 c/ha, 2.4 million tons of oilseeds have been threshed (compared to 840,500 tons at a yield of 9.9 c/ha during the same period last year).
• Storage Deliveries: Licensed grain storage facilities have received 4.9 million tons of new crop grain, a 20% increase over the same period last year. Of the soft wheat delivered for storage, 74% is high-quality wheat, 20% is classified as fourth class, and 6% as fifth class.

These indicators reflect both the success of the harvesting campaign and the scale of commodity reserves being formed to secure the domestic market.

Next Stage: Preparing for the 2027 Season

The architecture of agricultural support is steadily evolving. Its foundation relies not only on increasing the volume of preferential lending, but also on shifting the timing of when financial support becomes accessible to producers. A new preparation cycle for the agricultural season now begins well before the current year ends, giving producers the opportunity to establish resource bases, service equipment, and plan spring field operations well in advance.

#Agroindustrial complex #Finance #Manufacturing industry #President's instruction

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