Iran investment in agricultural machinery tops $357 mln
Iran investment in agricultural machinery tops $357 mln

TEHRAN (Iran News) – Iran investment in the field of agricultural machinery worths more than $357 million since the beginning of the current Iranian year (March 21, 2019), announced the head of Iran’s Agricultural Mechanization Development Center (AMDC). Kambiz Abbasi said currently 95 percent of the required agricultural machinery in Iran is supplied by domestic […]

TEHRAN (Iran News) – Iran investment in the field of agricultural machinery worths more than $357 million since the beginning of the current Iranian year (March 21, 2019), announced the head of Iran’s Agricultural Mechanization Development Center (AMDC).

Kambiz Abbasi said currently 95 percent of the required agricultural machinery in Iran is supplied by domestic producers and investment of the indoor stakeholders, reported IRNA.

“In the last Iranian year, 13,100 tractors and 300 combine harvesters were received by the country’s farmers,” he added.

Abbasi criticized the recent increases in the price of agricultural machinery and said, “In the past year, the prices of domestically produced agricultural machinery witnessed an increase of between 50-85 percent while the increase in the prices of imported machinery was even higher.”

The official pointed to some of the problems facing Iranian manufacturers of agricultural machinery, saying, “Many manufacturers now have a shortage of tires to complete their production line.”

In August 2019, Abbasi said the government allocated about $47.6 million for agricultural mechanization.

According to the official, some $1.95 billion of investment has been made in the agricultural sector over the past six years.

In the past 40 years, Iran has witnessed a remarkable improvement in various sectors including the agriculture industry.

  • source : Iran Daily, Irannews