Protocol Signed for $750 Million Financing for Agricultural Investments

October 2, 2026 · Sabah Ekonomi

The TARGET Project protocol, signed between Ziraat Bank and TKDK, will provide long-term investment loans of up to $10 million to agricultural and food businesses.

Ziraat Bank and the Agricultural and Rural Development Support Institution (TKDK) have signed a significant cooperation protocol within the scope of the Transformation Project for Employment and Rural Prosperity in the Turkish Agriculture-Food Sector (TARGET). This initiative, coordinated by the Ministry of Agriculture and Forestry and financed by the World Bank, aims to channel long-term resources to businesses operating in the agriculture and food sectors. Within the framework of this strategic protocol signed between the institutions, World Bank funds will be provided as investment loans to corporate investors through Ziraat Bank.

In line with the project, repayable financing support of up to 80% of the investment cost will be provided. Businesses will be able to benefit from financing opportunities of up to 10 million US dollars, depending on the project size. Loan repayments have been planned with maturity options of up to a total of 7 years, including a grace period of up to 2 years. The financing in question can be used for the construction of agricultural and food facilities, and for the purchase of machinery and equipment. In the first phase of the resource targeted at 5.3 billion US dollars over a 10-year period, 750 million US dollars will be disbursed.

Speaking at the signing ceremony, Deputy Minister of Agriculture and Forestry Dr. Ahmet Bağcı stated that access to finance is vital for the competitiveness of producers. Deputy Minister of Agriculture and Forestry Dr. Ahmet Bağcı made the following statement:

Deputy Minister Dr. Ahmet Bağcı stated that the project will accelerate investments in line with production planning. Continuing his speech, Deputy Minister of Agriculture and Forestry Dr. Ahmet Bağcı added:

Ziraat Bank General Manager Alpaslan Çakar noted that they have been supporting the agricultural sector with 163 years of experience and made the following statements:

Dr. Ahmet Antalyalı, President of the Agricultural and Rural Development Support Institution, shared the following views in his assessment:

According to the implementation calendar of the TARGET Project, TKDK is expected to announce the project call by the end of 2026. Following the evaluation of the application files, loan disbursements are targeted to begin in 2027. After the projects submitted by investors pass TKDK approval, the financing will be transferred to accounts by Ziraat Bank on a milestone basis, according to the progress of construction and investment. The repayment process for the loans will be carried out in installments after the completion of the two-year grace period.

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