27
August
2019
BCI in the third quarter of 2019 has deteriorated, dropping to 8.3 index points, which is 18.7 index points below the previous quarter. The largest reduction in BCI was observed in retail trade followed by the financial and construction industries. In these sectors, the decrease in BCI is driven by both decline in past performance and reduced expectations. On the contrary, agriculture is the sole industry where BCI increased.
05
August
2019
The cultivation of berries is becoming increasingly popular among farmers in Georgia. The necessity of diversification in agricultural production and opportunities in the EU market have led farmers and the state to placing greater focus on the sector.
01
July
2019
The share of the rural population in the total population decreased slightly, from 42.6% in 2015 to 41.3% in the beginning of 2019. The share of agriculture in total GDP has also declined, from 9.1% in 2015 to 7.7% in 2018. While production figures have gone up, there was a 6.4% increase in agricultural production in 2018 compared to the previous year. Production in the plant-growing sector increased by 10.9%, and animal production experienced an increase of 2.1% compared to 2017.
24
June
2019
Agricultural production is associated with a variety of risks, including market, institutional, and production risks. An important production factor in agriculture is the weather. Its uncontrollable nature makes weather risk the prevailing risk to agricultural production. Farmers have various informal and formal means of transferring and mitigating these risks. Informal means include savings, diversification, off-farm activities, etc. The most common formal means of risk mitigation is insurance. Insurance is a contract that transfers the risk of financial loss from an individual or business to an insurance company.
21
June
2019
On June 21, 2019, ISET’s Rati Kochlamazashvili moderated the Farmers’ Congress, which took place at the Hualing Hotel in Tbilisi. The congress discussed the Challenges and Opportunities of Strengthening Market Linkages for Smallholder Farmers.
