Minister Pakdemirli in his speaking at a ceremony at the Ministry of Commerce said that; "After that, we will issue income guaranteed product insurance on many products, especially grain. When the farmer will plant the crop, he will know from the beginning how many liras he will sell."
Minister of Agriculture and Forestry Bekir Pakdemirli joined together with the Minister of Trade Ruhsar Pekcan "Turkey Specialized Products Exchange Activity Permit Certificate Delivery Ceremony" held at the Ministry of Trade.
In his speech here, Dr. Pakdemirli pointed out that licensed warehousing and this exchange is great importance for producers, peasants and farmers, and said that "In some periods, we see that we are not able to plan product sales, we cannot calculate the yield well, and we cannot prevent price fluctuations. One of the main conditions to prevent this is to store the product once. After storing the product, you can sleep well at night."
Pakdemirli said that they received complaints from the farmers about the prices of the products and that these complaints would not occur if the product exchanges work fully.
Pakdemirli stated that the villager would take the product bill by delivering the product to licensed warehouses and expressed that the producer could use credit from Ziraat Bank with the product bill in his hands. Pakdemirli stated that, in case of an increase in product prices, the farmer may pay the debt to the bank by converting the stock to cash, so that it would generate more profits than it normally would.
Pakdemirli expressed that, in this way, the farmer's relationship with the product will not be cut in the field, the producer will be provided access to financial markets and said that "As the Turkish Grain Board, we have attached great importance and value to this work. We reached a licensed warehouse capacity of 4.2 million tons. With the current applications, the capacity will increase to over 14 million. We need to increase this, not to see the final target as 14 million tons."
Minister Pakdemirli, pointing to items such as figs, grapes, apricots, nuts and olive oil with strategic priorities in Turkey and stated that he attaches great importance to the depth of these products in the product exchange.
"IT WİLL BE DISCUSSED IN THE AGRICULTURAL FORUM"
Pakdemirli said that he had dreamed of a new insurance model in the first days of his ministry, and continued his speech as follows;
"In the insurance model we plan, let the farmer know the price he will sell the product and insure the price of the product. For example, producer plan to sell the product for 10 liras; but if the product is 8 liras on the market, 2 liras will be paid from the insurance; but if the product is 12 liras in the market, let us sell the product to the market, not us. Then we realised that this system already exists in the USA, income guaranteed product sales insurance. At that time we couldn't do it because there was no Product Specialized Exchange. From now on, we'il be able to do it. With the efforts of the Ministry of Trade, The Union of Chambers and Commodity Exchanges of Turkey and our ministry, this issue reached a point. After that, we will issue income guaranteed product insurance on many products, especially grain. In this way, the farmer will know from the beginning how many liras he will sell the product. He can do all his plans and programs on this."
Pakdemirli stating that they aim to gather the Agriculture Council in a short time, and said that they would also discuss the planning of food products from field to table and share the outputs with the Ministry of Trade.
Pakdemirli expressed that TIGEM 69. Traditional Harvest Festival will be held in Polatli with the participation of the President of Turkey Recep Tayyip Erdogan on Friday July 26 and invited everyone to the festival.