Potential & Organic Agricultural Sector
Apart from vast mining recourses, we have also broad opportunity and potentials to develop traditional agriculture sector.
The sector is one of the priority sectors to the country’s economy and cultural heritage, food and agriculture production compounds 13% of the GDP of Mongolia, 35% of total Mongolian work force, and 73.6% of Mongolian land is agricultural land.
|Sub sectors||Animal husbandry||Crop
|Potentials||Animal husbandry has its peculiarities is that Mongolians are nomads. 70.9 million live-stock. Horse-4.2 million Cattle-4.7 million Camel 0.4 million Sheep-32.1 million Goat 29.3 million||Crop production has 50 years history with no use of chemicals and pesticides.
Arable land 1,2 million ha Land in use: 0.6 million ha
Products made by natural berries
|Cashmere & wool production
Skin & Leather production
Investment in Food and Agriculture Sector
There is a great potential for exports of high value-added industrial products based on meat, cashmere, yak hair, sheep and camel wool and over the past decade, the agriculture sector-one of Mongolia’s oldest industries has remained integral to the country’s long-term development strategy, even as mining, telecoms and some other relatively new sectors have grown rapidly.
According to recent analysis, about 60 percent of Mongolian cultivated area is low in nitrogen and potassium which is easy to use in plants, and 34.7 percent low in phosphorus concentrations, respectively. Thus, there are opportunities to intensify and further develop crop farming by systematically using mineral fertilizers based on soil test results and physiological context of crops, and by extensively utilizing nutrients and biofertilizers made by local natural and farming resources.
Therefore, wide cooperation opportunities are open for investors in this field of enhancing pastureland management, producing competitive value-added agricultural products, ensuring food security, developing marketing of organic agricultural products and curing livestock from disease.
Based on investors’ interest to undertake farming, by owning a land solely or jointly with foreign investors and local organizations, or by leasing the land there are huge opportunities to plant and export food and nutritional crop of high quality and nutrition other than traditional crops cultivated in Mongolia such as buckwheat, rapeseed, soy, and produce animal feed from its byproducts.