Fahrettin Poyraz, General Manager of the Agricultural Credit Cooperatives, said that the problem of high interest in discounted agricultural loans (which is lauded by Milli Gazete) could only be solved by a political decision.
As it is known, because of Ziraat Bank's market interest rates, the Agricultural Credit Cooperatives have also extended their agricultural loans to farmers with a market interest rate.
Fahrettin Poyraz, General Director of Agricultural Credit Cooperatives, met with economy correspondents in Economy Correspondents' Association (EMD). He made evaluations about the problem experienced in discount agricultural loans which is lauded by Milli Gazete. Poyraz stated that the lowest interest rate in agricultural loans was applied by Agriculture Credit. ’We are giving the farmers a loan with a 27 percent cost from Ziraat Bank with a 30 percent rate ılan. Poyraz noted that private banks have an interest rate of more than 40 percent in agricultural loans. 20 Private banks have been using 20 percent interest-free deposits in the agricultural sector with over 40 percent interest, Özel he said. Poyraz underlined that the mes high interest problem experienced in discounted agricultural loans can only be solved by a political decision. Otherwise, it is not possible for Ziraat Bank to supply the Agricultural Credit Cooperatives with 8 percent deposit interest rate over 8 percent.
On the other hand, in order to reduce the input costs of the farmer, especially in a fertilizer Poyraz explaining that they pull down the costs of the fertilizer, said that they want to reduce prices. Poyraz said, GÜBRETAŞ uses funds from the bank when buying products. There is a cost exceeding 35 percent. Dik Let's make a prepayment for you as Agricultural Credit, so you can take this interest down as a cost element and give us a discount. They also agreed because they will take the loan from another bank, will produce the product with the input to the market and will sell to us. We have developed a new method of drawing down the funding cost. As Agriculture Credit and GÜBRETAŞ, I can say that we will provide a serious price advantage in the coming days.
Agriculture Credit partners in the purchase of the products produced by the target to increase the Poyraz also explained, the amount of loans to the partners of their partners with a large gap between the amount of products they said they said. Poyraz stated that the amount of products they received from the shareholders was around 450 million pounds, while the loan amounted to 9 billion Turkish Liras. Kul This figure is very low. We want to raise the target of 5 billion liras for the purchase of common products. Poyraz also gave information on the ownership of the Agricultural Credit Cooperatives, which has been a dream for many years.