Iraq updates farm policy as Iraq wheat prices set at 700,000 IQD per tonne for the new agricultural season. The government aims to support farmers and secure the food supply. New pricing and procurement plans now guide the agricultural sector.
First, the Council of Ministers approved revised wheat purchase prices. Farmers will receive 700,000 Iraqi dinars per tonne for crops within the official plan. This equals about 534 dollars per tonne.
Moreover, wheat produced outside the plan will receive a lower rate. The government set this price at 500,000 dinars per tonne. This equals around 381 dollars. Therefore, farmers have incentives to follow the national agricultural plan.
In addition, officials defined clear yield expectations. Lands that use modern irrigation will produce about 900 kilograms per dunum. Flood-irrigated land will yield around 750 kilograms. Meanwhile, rain-fed land will produce about 300 kilograms per dunum.
Furthermore, the government approved seed procurement plans. Authorities will purchase 100,000 tonnes of high-grade wheat seeds. Each tonne will cost 700,000 dinars. This step supports better agricultural production and crop quality.
At the same time, the Kurdistan Region received a defined quota. The region will supply 400,000 tonnes under the marketing plan. This includes 292,000 tonnes within the plan and 108,000 tonnes outside it.
Moreover, the government addressed farmer payments. Officials approved the settlement of outstanding dues from previous seasons. This includes payments from both recent agricultural cycles.
In addition, the Ministry of Finance will manage funding. The ministry will include loan amounts and interest in the next budget. It will also guarantee repayments to state institutions.
Therefore, these steps aim to stabilize agricultural income. Farmers will gain clearer pricing and financial support. At the same time, Iraq strengthens domestic wheat production.
In conclusion, Iraq’s wheat prices set at 700,000 IQD per tonne for the new agricultural season reflects strong policy direction. Iraq wheat prices set at 700,000 IQD per tonne for the new agricultural season support food security and farm growth.