Over the past decade or so 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.
Over the past decade or so 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.
Over the past five years Mongolia’s food security situation has improved dramatically. Current estimates put the country’s overall food self-sufficiency – a measure of the extent to which the nation can meet domestic demand for food – at 50-60%, which is up considerably on previous years. The steadily improving food security situation since the mid-2000s, in particular,...
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...
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...
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...
While mining and minerals represent the key to Mongolia’s future growth and wealth, agriculture is also a vital part of the economy. The sector, which involves the raising of livestock for both meat and wool, and to a lesser extent the cultivation of grains and vegetables, has the biggest impact on the lives of average Mongolians. Imported consumer...
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