Iran Launches 1st Agro-Joint Stock Firm to Boost Rural Development: Deputy Minister

TEHRAN (Tasnim) – Iran has established its first joint-stock company to facilitate agricultural and non-agricultural activities and enhance rural development across the country, Iran’s deputy agriculture minister said.

Iran Launches 1st Agro-Joint Stock Firm to Boost Rural Development: Deputy Minister

Agro-joint stock companies have always played a key role in enhancing efficiency in the country’s rural development, Hossein Shirzad, who is also the chief executive of Iran’s Central Organization for Rural Cooperatives, said on Saturday.

He added that they, however, have always been suffering from three deficits including low number, lack of synergistic ties as well as lack of a focused operative and planning core.

"Although, according to the Ministerial cabinet decree in 1976, it was supposed to develop such a central agro-corporation for national coordinating among agro-joint stock companies, unfortunately, it was not developed. Today CORC has developed agro-holding corporation to coordinate these corporations nationwide," he added.

"Strategic objectives of the corporation include developing contract farming for farming fodder to meet the needs of the livestock breeding cooperatives, creating a legal entity in the trading world through receiving the commercial card, insurance and export facilitating and medicinal plants farming," Shirzad said.

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