Programme: Local Development, Poverty Reduction and Enhanced Inclusion of Vulnerable Groups

Hristo Petkov has investment intentions with which to apply under the Rural Development Program 2014-2020 the sub-measure "Investments in Agricultural Holdings". The implementation of the project enables the Company to modernize the material assets and production factors. Purchase of agricultural technology equipment consisting of tractors 1 pcs. and seeders 2 pcs. and soil cultivation techniques aimed at developing the technological base and promoting innovation. Purchasing equipment is key to reducing costs, producing better quality products with higher added value and improving environmental protection. The company processes land in the region of Kuklen, and Asenovgrad, for the preceding business year the Company cultivates land within 1 200 - 1 500 decares. By harvesting very large areas, a technique is needed to be able to carry out all agro - technical activities in time due to the high specificity of the agricultural production and the necessary consideration of the weather conditions, the purchase of the equipment is in accordance with the possibilities and necessity. Lack of enough equipment The company uses the services of smaller agricultural producers to carry out agro - technical activities, from where the high costs of external services come, the purchase of tractors and the attachment and shelter. The company will reduce the rental costs of external contractors of soil treatment services and planting of crops included in the production and commercial program of the Company. According to the requirements of the Ordinance on "Investment on agricultural holdings", the Company undertakes within three years after signing a financing contract to cultivate land of 1 200 decares. Building a sustainable farm with good farming practices to increase yields and produce crops.