Turkey occupies an important place in the field of agricultural investment, as it has many promising investment opportunities and attractive economic advantages with the diversity of crops, the abundance of labor, and the ease of export, agricultural investments in Turkey have become one of the preferred options for both local and foreign investors and if you want to get detailed information about agricultural investment opportunities available in Turkey, you have come to the right place and in this article, we will learn about the most important advantages and opportunities available for agricultural investment in the lands of the Republic of Turkey, and everything you need to know to complete the investment process.
Advantages of agricultural investment in Turkey
- Turkey enjoys geographical and climatic diversity that allows for the cultivation of a wide range of crops and these crops include grains, fruits, vegetables, nuts, flowers, olives, tea, etc., and this provides multiple opportunities for investment in different fields of agriculture.
- 2The country has rich natural resources, including fertile soil, groundwater, rivers, and lakes and these natural resources facilitate efficient crop cultivation and enhance productivity.
- 3The Turkish government provides strong support to the agricultural sector through programs and initiatives aimed at enhancing production and improving quality, including financing facilities and providing agricultural trainers and consultants.
- Turkey has a large internal market for agricultural products, in addition to the possibility of exporting to many countries, and domestic and international demand for Turkish agricultural products enhances opportunities for profit and market expansion.
- Low production costs compared to many other countries and skilled human resources are provided at low wages.
Agricultural investment law in Turkey for foreigners
The Turkish government has been keen to remove obstacles that may face investments in the agricultural sector and forest products and for this purpose, the government has passed several laws aimed at facilitating investments for foreign investors and giving them equal rights and opportunities with local investors, and to encourage foreign investment in the agricultural sector, the Turkish Ministry of Agriculture and Forestry has established a guiding platform for those interested in agricultural investment in Turkey
This is due to the availability of favorable natural factors, such as a favorable climate, fertile soil, and abundance of water, in addition to the presence of a large amount of land suitable for cultivation.
Agricultural Investment Opportunities in Turkey
Here are some of the most popular agricultural investment opportunities in Turkey:
Investment in olive farms
Turkey ranks sixth in the world in olive oil production, accounting for about 5% of global production Turkey enjoys a favorable climate for olive cultivation, and the city of Mersin is the main center for its production, as the various Turkish states provide an ideal environment for investment in olive plantations, as olive oil achieves growing profits for investors due to the continued demand for it and in addition, olives themselves are considered a highly profitable product, and olive oil is easy to store and not affected by delays in export.
Investment in fruit farms
Turkey is characterized by the diversity of its climate that is suitable for various types of fruits, due to the expansion of the Turkish Republic over large areas that are suitable for various agricultural investments, investing in fruit farms in Turkey has become an option that investors are looking for, some invest in the cultivation of apples and citrus fruits in general and these investments are characterized by an export guarantee, given the quality of Turkish fruits and the availability of all factors for export success.
Investing in walnut farms
Turkey is distinguished by the quality of the walnut and the variety of its types, and it provides a variety of manufacturing methods for this fruit the farms dedicated to the cultivation of walnuts in Turkey are among the most important agricultural investments that deserve attention and investing in walnut farms in Turkey is a guaranteed investment, as it does not require extreme care compared to some other crops, walnuts take time before they reach full production, however investing in nut plantations remains a diversified option for investors.
Conditions for agricultural investment in Turkey
- Buying an agricultural plot of no less than 1,000 square meters in the cities specified by the Turkish government.
- Establishing a company with a capital of at least 100,000 Turkish liras, and registering the project in the name of this company.
- Submission of a feasibility study covering five years for the proposed agricultural project and this study must be prepared by accredited consulting offices.
- Providing a source of irrigation, whether by connecting water lines or digging groundwater wells within the borders of agricultural land in Turkey.
- The project must comply with the Agricultural Investment Law in Turkey for foreign investors and if there is a partnership between the foreign investor and the local Turkish investor, the foreign investor will be entitled to government support of up to 50% of the value of the project.
Tips before agricultural investment in Turkey
- Study the agricultural market in Turkey and analyze current trends and opportunities.
- Research promising agricultural areas, desired crops, and consumer trends.
- Acquisition of knowledge and experience in the field of agricultural investment may be beneficial and you may need to engage local experts or agricultural consultants to help understand the technical and management aspects of the project.
- Before making the final decision, visit the designated area for investment and inspect the available land, infrastructure, and available water resources existing agricultural projects can also be visited to see how they are being managed and performing.
- Ensure that agricultural investment conforms to legal conditions and licenses in Turkey and you may need to obtain permits and licenses from the relevant authorities before starting the project.
- Benefit from local cooperation and potential partnerships and local knowledge and strong networks can have a positive impact on investment success.
- Check out the support and facilities provided by the Turkish government for agricultural investment in Turkey.
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