Economy, Domestic Economy
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New Agro Machinery Needed

New Agro Machinery NeededNew Agro Machinery Needed

Half of the farm tractors and combine harvesters in Iran are old and dilapidated, and should be disposed of, the head of Mechanization Center of the Ministry of Agricultural Jihad said. “Currently, the interest rate on loans granted to farmers for buying agricultural machines stands at 18%,” ILNA quoted Kambiz Abbasi as saying. “We hope to see a cut in the interest rate, since every year 20,000 old tractors should be replaced by new ones.”

Financialtribune.com