OREANDA-NEWS. November 01, 2011.Next year Azerbaijan is planning to start creating large farms with raising large loans from international financial institutions.

Azerbaijani agriculture minister Ismet Abbasov says that the Ministry of Agriculture continues negotiating with the World Bank and the International Fund for Agricultural Development (IFAD) with the purpose to draw large loans.

"This year, lending to farmers is carried out actively through the State Rural Lending Agency under the Ministry of Agriculture. In 2011, the Agency gave the loans for about AZN 14 million to farmers," Abbasov said.

According to the minister, in 2012 Azerbaijan will begin the process of creating large-scale farms.