Effective Utilization of Investments in Agriculture: A Case Study of Uzbekistan

Abstract

One of the most pressing questions for Uzbekistan is how government investment can be put to good use in agriculture, which faces challenges like limited access to finance, outdated technology and climate change. The study employs a qualitative method of interviews with farmers and government officials, followed by quantitative analysis of data from secondary psychological studies. Some of the key findings are that access to affordable financing for small-scale farmers is hard to come by with antiquated agricultural practices stifling productivity. On the flip side, the government initiative, such as Uzbek Green Finance Initiative has paved the way in technology adoption with an increased emphasis on precision agriculture and climate-smart investments. This paper shows how the modernization of irrigation systems and infrastructure has potential to increase agricultural production. Results also highlight the need for climate-smart agriculture investments to mitigate risks that cannot be adapted to as a result of climate change. The study finds that a conducive policy environment, especially regulatory reforms and special economic zones, is crucial for attracting investment. Policy implications should continuously create positive change for sustainable agricultural development, which can be further bolstered through continuous reforms in finance technology and climate being ended.