Cyprus - Üstel Announces 250 Million TL Credit Package for Small Livestock Producers

23.12.2024 511 views

Ünal Üstel has announced a 250 million TL credit support package for small livestock producers, aimed at developing small-scale livestock farming and increasing production in line with the certification requirements for halloumi.T he package offers a 36-month term with an annual interest rate of 21%.

Üstel explained that the credit package was created to boost the small livestock population, improve herd breeding, enhance the quality of meat and milk, and promote competitiveness, with consideration for the halloumi certification standards.

In a written statement today, Üstel emphasized that the government continues to support production and local producers, translating its vision into action by securing and providing the necessary resources.

“Through the support provided for small livestock farming in 2024, we have increased our small livestock breeding stock by approximately 10%. Along with this, we have also seen an increase in small livestock milk production,” said Üstel.

He added that the government’s focus on small livestock farming extends beyond just increasing financial support. Various projects have also contributed to improvements in animal breeding, and this new credit package adds another step in that direction.

“We are introducing a 250 million TL credit support package for small livestock producers, with a 36-month term and an annual interest rate of 21%. This package will enable producers to import disease-free, certified breeding small livestock suitable for our country’s conditions. It is designed to increase our small livestock population and, consequently, milk production,” Üstel continued.

He highlighted that the package also aligns with efforts to increase the quality of meat and milk, while boosting the competitiveness of the sector. The initiative underscores the importance the government places on livestock farming and agriculture in general.

Prime Minister Üstel concluded, “I wish that this support package will bring success to all our producers.”

 

Source - https://www.kibrispostasi.com

05.10.2026

Moldova receives 185 bids for crop insurance aid

Moldovan agricultural producers submitted 185 applications totaling roughly €0.98 million (approx. 19.64 million MDL) to subsidize insurance premiums for 2025 contracts, the country's farm payment agency announced following the close of its September call.

05.10.2026

Climate Risks Push Cambodia to Consider Crop Insurance for Farmers

Droughts, floods and rising temperatures are putting Cambodia’s farmers under growing financial pressure, prompting the Ministry of Agriculture to consider crop insurance as a way to protect farmers from losses.

05.10.2026

USA - USDA Adds More Than 30 Million Base Acres to Farm Safety Net Programs

USDA has added more than 30 million base acres to ARC and PLC and expanded crop insurance options and regenerative agriculture funding.

05.10.2026

India - Why 100 UP Farmers Are Planting Turmeric Beside Crops That Elephants Love to Eat

For farmers in Uttar Pradesh’s Terai, one elephant raid can undo months of work. So instead of relying only on fences, some are trying a simple shift: growing turmeric, a crop elephants tend to leave alone.

05.10.2026

Philippines - Agricultural losses soar past P5.5B as strong El Niño scourges 7 regions

More than 201,000 farmers and fisherfolk nationwide sustained losses reaching P5.56 billion after prolonged dry conditions damaged crops across several parts of the country, the Office of Civil Defense (OCD) reported on Monday, Oct. 5.

05.10.2026

India - Karnataka drought: 217 of 240 talukas affected; crop losses at roughly ₹46,000 crore

Crop losses due to the drought is pegged at around ₹46,000 crore. The Karnataka government has sought ₹7,142.64 crore in drought relief from the Centre under National Disaster Response Fund norms.

01.10.2026

India - Kitchen budget in Mumbai takes a hit as veggie prices rise amid crop loss, low supply

Vegetable prices in Mumbai have risen sharply after Ganeshotsav and with the onset of Pitrupaksha, as erratic monsoon conditions, crop damage and lower arrivals tightened supplies, said traders. 

01.10.2026

Togo Plans Pilot Agricultural Insurance Scheme for Young Farmers and Entrepreneurs

Togo’s PAJEC entrepreneurship program plans to launch a pilot agricultural insurance scheme. The government has issued a call for expressions of interest to select a provider to design and roll out the scheme.