Over the past few decades a series of major economic, demographic and environmental developments have transformed Mongolia’s food security situation. Under communism, the country was more than 80% self-sufficient in terms of overall agricultural production. In the decade after the collapse of the Soviet Union in 1991, this number dropped precipitously as a result of...
Mongolia Agriculture
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Articles & Analysis | Food for all: Increasing self-sufficiency as a means of achieving food security from The Report: Mongolia 2014
Articles & Analysis | Focus on sustainability: Enhancing long-term viability and boosting revenues through careful development from The Report: Mongolia 2014
Agriculture has been a cornerstone of the Mongolian economy for thousands of years. While the sector has recently been overshadowed by the burgeoning mining industry, as of mid-2013 agriculture was widely considered a central component of the nation’s long-term development strategy and a major potential economic contributor. From early 2012...
Interviews & Viewpoints | OBG talks to Boldsaikhan Usukh , President, Ensada Holding from The Report: Mongolia 2014
What efforts are being made by the government to capitalise on Mongolia’s agriculture potential?
Articles & Analysis | The right mix: Livestock insurance blends commercial enterprise and public policy from The Report: Mongolia 2014
The Mongolian Index-Based Livestock Insurance (IBLI) programme could greatly help the country. Given the harsh climate and the frequent cold winters – and given the fact that herders, which make up a significant part of the population in Mongolia, tend to live with little financial cushion – it is vital that a financial product exist that can...
Chapter | Agriculture from The Report: Mongolia 2014
Agriculture, which accounts for 16% of GDP and 40% of employment, benefitted from good climatic conditions in the first half of 2013, allowing the industry to grow 20.6% year-on-year. The government has concentrated its efforts on developing the sector in a sustainable fashion with a series of programmes such as the Mongolian National Livestock Programme and the State Policy on Food and...
Since the country’s transition from communism two decades ago, the Mongolian economy has experienced rapid liberalisation. Sectors including ICT and insurance are expanding quickly and, while the mining sector has been responsible for making Mongolia a rising star in the global economy, there is great potential for further growth in all economic sectors.