Uzbekistan rewards high-performing farmers with major tax cuts
New decree cuts land taxes for high-yield farmers and expands support for cotton cultivation
TASHKENT, Uzbekistan (MNTV) — Uzbekistan has introduced a presidential decree offering substantial tax reductions to farmers who achieve high crop yields, aiming to boost agricultural efficiency and strengthen food security.
The decree includes financial incentives and structural reforms designed to encourage sustainable land use and increase crop production.
The initiative, which focuses on optimizing land use and stabilizing food prices, also includes measures like utilizing vacant agricultural lands, expanding livestock feed production, and supporting rural employment.
According to Daryo News, these reforms align with the country’s broader goal of achieving greater food self-sufficiency.
Starting in 2025, farms that produce over 50 centners per hectare of cotton or 80 centners per hectare of grain will qualify for a land tax reduction of up to three times the base rate.
This move is designed to lower financial burdens on high-yield farmers and incentivize sustainable farming practices.
Additionally, at least 25% of leased farmland must be allocated to crop rotation, prioritizing livestock feed, vegetables, melons, potatoes, oilseeds, and legumes. This requirement aims to maintain soil fertility and support diversified farming.
The decree also introduces preferential loan schemes for cotton farmers.
Agricultural cooperatives will be eligible for loans covering up to 50% of cotton cultivation costs, requiring only a 50% property pledge, including land leasehold rights.
These loans, based on the starting price of raw cotton, will provide farmers with easier access to financial resources.
To streamline cotton sales, contracts between farmers and agricultural cooperatives will be processed through the Uzbekistan Commodity Exchange’s portal, improving transparency and efficiency in the cotton trade.
Uzbekistan’s latest agricultural policies reflect a continued push to modernize farming practices, improve rural livelihoods, and solidify the country’s position as a leading agricultural producer in Central Asia.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
