Business Opportunities in Agriculture: 150 Field Interviews (Book)

Turkey Agribusiness Report

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The Turkey Agribusiness Report features Business Monitor International's market assessment and independent 5-year forecasts covering the supply and demand outlook for the livestock, dairy, grains, rice, sugar, edible oils, coffee and cocoa sectors. ( Turkey Agribusiness Report )

Business Monitor International's Agribusiness service also provides proprietary medium term price forecasts for key commodities, including corn, wheat, rice, sugar, cocoa, coffee, soy and milk; in addition to newly-researched competitive intelligence on leading agribusiness producers, traders and suppliers; in-depth analysis of latest industry developments; and essential industry context, such as the background macroeconomic outlook and the downstream supply chain.

Key Benefits
Use BMI's independent 5-Year industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.

Apply BMI's medium term commodity price forecasts to assist with budgetary planning and the identification of investment opportunities and potential risks

Exploit latest competitive intelligence on your competitors and peers in Asia, Europe, Latin America, the Middle East and Africa through our company rankings and analysis.

Executive Summary

As 2009 progresses, there is little to suggest an uptick in global economic health. Turkey is expected to experience a full and deep recession, weighed down by a sizeable current account deficit, while its highly productive agricultural sector is foreseen to stumble through the year, to the detriment of the one-third of the population employed in rural husbandry. BMI 's latest Turkey Agribusiness Report looks at how, with EU accession looming, the Turkish government seeks to incorporate higher levels of productive efficiency, through private investment and bilateral development partnerships.

The prospect of joining the EU has forced the state to look at ways in which it can increase productivity in domestic farming without aggravating a precarious macroeconomic position. Subsequently, foreign direct investment (FDI) has been targeted as being able to help consolidate the productive capacity of Turkish agriculture, which at present is largely fragmented and family-run. In addition to improving the local supply outlook, stimulating household demand is a pertinent aim to helping the economy restrengthen. Since late 2008, some success has been achieved on the FDI front. The European Bank for Reconstruction and Development (EBRD) has agreed to provide finance to the tune of US$193mn for agribusiness and small business development. The figure is reported to rise to US$300mn in 2010 and could be used to marked effect in developing infrastructure. More recently, a group consisting of various Arab investment houses signalled its intention to facilitate substantial capital flows into Turkey; a development which the government has used as a PR tool to highlight investor optimism in local farming.

A range of agricultural sub-sectors are still supported through government subsidies, which must surely weigh heavily on an already tight fiscal burden; this dynamic must surely be eradicated if real efficiency gains are ever to be realised. This will most likely mean that a number of small-scale producers may struggle to stay afloat, thus the face of Turkish farming is set to change irrevocably, with a smaller number of producers becoming increasingly influential.

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Business Opportunities in Agriculture: 150 Field Interviews (Book)

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