Uzbekistan creates insurance seed fund
14/04/2014 14:29
Uzbekistan creates insurance seed fund
14/04/2014 14:29
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan approved a regulation on creation of insurance seed fund and its use.
According to the document, Uzbekistan will create insurance seed fund for cotton and grain seeds and local administration, Minister of Agriculture and Water Management, heads of Uzdunmahsulot and Uzpakhtasanoat are responsible for creation of the fund and storage of the seeds.
The document said that up to 10% of forecasted volume of seed production will be directed to the seed fund next year for cotton and 3% for grain. In following years, the volume of seeds allocated to fund will be determined in line with the decisions of the interested sides.
The document regulates issues related to production of seeds, their processing and storage, as well as their use.
The regulation said that the seeds can be used in emergency situations or in case the regions have limited capabilities. The seeds cannot be stored for a term more than a year.
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