All You Need To Know About Agricultural Investment in Turkey
All you need to know about agricultural investment in Turkey: its advantages, conditions and risks
To invest in Turkey, many aspects and areas differ in terms of their objectives, profits, and investment value in both the short and long term. Each investor seeks to choose the investment field that suits him the most and brings him the greatest benefit. In Addition to Residential and commercial, we can see the value of the agricultural investment in Turkey.
Why agricultural investment in Turkey?
Turkey has a fertile environment and vast areas suitable for cultivation, in addition to being the first source around the world for many crops, especially pistachios, which Turkey produces approximately 70% of its crop annually around the world.
Another important reason that encourages agricultural investment in Turkey is the support of the Turkish government for investment in its lands in general and for agricultural investment in particular in terms of laws and procedures that make it easier for foreigners wishing to invest in agricultural real estate and lands inside Turkey.
What adds more value to agricultural investment in Turkey is its strategic location, which makes it characterized by a diverse climate and also opens the door strongly to export and trade to various countries of the world.
On the other hand, Turkey is rich in experienced manpower, tools, fertilizers, and other basic agricultural ingredients that help all local and foreign investors to better manage their investments.
What is the benefit of agricultural investment?
Investment in agricultural land can be beneficial in two ways:
1- Preserving it for the time as a safe bond to save money and monitor the gradual rise in prices in the value of lands.
2- Planning to start an agricultural project by setting up a farm on it to produce crops and sell them, in addition to farms for cows, poultry, and others.
What do you need to start agricultural investment in Turkey?
After studying, planning, researching, and professional advice, there are some criteria that you must meet to be in line with the conditions for agricultural investment in Turkey, namely:
1- Submit a feasibility study on the agricultural project you wish to establish for five years, and have it approved by accredited consulting centers.
2- That the agricultural land area is 1000 square meters or more and within the cities specified by the Turkish government for foreign agricultural investment.
3- Providing a source of irrigation for the plot of land, whether by extending a water line or digging an underground well.
4- The project must comply with the Agricultural Investment Law for Foreigners.
5- If the project is a partnership between a Turkish investor and a foreign one, the Turkish government provides support that may reach 50% of the value of the project.
What are the most prominent Turkish cities for agricultural investment?
Istanbul
Mugla
Chunkley
Bursa
Antalya
Izmir
Adana
The most important crops that you can grow in Turkey:
The crops that you can grow in Turkey vary, here is a group of the most important crops from which Turkey is distinguished:
Figs, hazelnuts, grapes, apricots, cherries, olives, apples, pistachios, walnuts, and almonds.
What are the risks of agricultural investment in Turkey?
Each investment has advantages that encourage this experience, and there are also disadvantages and risks that the investor may face and threaten his project with failure, so what are the risks of agricultural investment in Turkey?
- Not everyone can buy agricultural land in all states of Turkey, so you should carefully review the state laws.
- The difficulty of converting the investment plan from agricultural to residential construction, and the nature of the land varies from fertile to hard or dry.
- There may be a limit to the value of the lands available to the foreign investor, which makes it necessary to review the municipality before developing the investment plan.
- It is not easy to buy suitable agricultural land, and therefore you must carefully search and review all the details and papers about the land you wish to buy.
- One of the obstacles that may prevent you from starting your project is that the plot of land that you intend to buy is already leased, and therefore you must review the official documents with the municipality to which it is affiliated carefully and consider whether the tenant has rights to the land and others.
In the end, the best way to ensure the success of your investment project is by seeking help from experts within the Turkish market to provide the best options in addition to a sound legal advice, and at Aldar Real Estate we provide you with the best options and the fruits of our experience and knowledge in the field of real estate in Turkey.
Edited by: Aldar Real Estate ©