Wool incentives totaling MNT 31 billion granted to 88 thousand herders in 2020

Economy | Agriculture
2021-05-11 15:19:58

Ulaanbaatar /MONTSAME/. The government of Mongolia annually provides herders with incentives to increase agricultural output and encourage supply of agricultural products. 

Last year, a total of 90,064 herders and entities owning livestock animals were registered to receive the wool incentives for supplying camel and sheep wool to 85 factories. According to the Ministry of Food, Agriculture and Light Industry, wool incentives totaling MNT 30.7 billion were granted to eligible 88,669 herders out of all registered herders. The herders had supplied a total of 18,566 tons of sheep wool and 676 tons of camel wool to 78 factories in 2020. 

The wool incentive program is being carried out by the Agriculture Ministry in accordance with a 2020 regulation on cash incentives for herders supplying sheep and camel wool.