Home Industry Economy Turkey announces agricultural support payments for 2025-2027 Turkish farmers have long complained of sharp hikes in the prices of fertilisers and fuel due to the sharp depreciation in the lira by Reuters August 30, 2024 Image credit: Yevgen Romanenko/ Getty Images Turkey announced agricultural production support payments for 2025-2027, according to a presidential decision published in the country’s official gazette on Thursday. The decision includes barley, safflower, sunflower for oil, wheat, canola, lentil, grain corn, chickpea, cottonseed, potato, onion, soybean, and forage crops for long-term production planning. The agriculture ministry said in a statement the aim of the three-year model – to be implemented for the first time – is to increase predictability for producers. Under the new model, farmers will receive basic support and support in production planning and development. The decision also said that farmers will receive increasing amounts of support according to their compliance with plans and regulations. The basic support rate is TRL244 ($7.16) per decare of land planted, with payments determined by applying coefficients assigned to certain crops, production techniques, water sources and other factors. A decare is a tenth of a hectare and equivalent to about a quarter of an acre. No figure was given on the total budget or funding for the support mechanism. Turkish farmers have long complained of sharp hikes in the prices of fertilisers and fuel due to the sharp depreciation in the lira over the past few years, and some have staged protests due to the high costs and low product prices. Read: Turkey announces $30bn incentives package for high tech areas Tags agriculture Economy Turkey Turkish Lira You might also like Financial gap to meet SDGs in MEASA hits $5tn annually: NYUAD Insights: How regtech can turbocharge economic transformation New Zealand seals trade deal with GCC to boost exports, investment Will they or won’t they? Talk of Saudi cutting oil prices for Asia