Mongolia Agriculture Articles & Analysis

Chapter | Agriculture from The Report: Mongolia 2015

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. Until just a few years ago the majority of Mongolia’s population was involved in herding or farming in one way or another, and as recently as 2011 more than 30% of the country’s workforce was employed in agriculture. While this figure...

Given the significant foreign direct investment needed to achieve its development goals, Mongolia has strong motivation to improve its attractiveness to investors. The government is therefore adjusting its policies, while new laws are expected to gradually reinvigorate foreign investment flows.

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With a combination of extreme summer drought and severe winter chill taking its toll on Mongolia’s livestock industry, the country is looking to financial incentives and targeted investment to bolster regional exports. 

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.

 

What can Mongolia do to make more effective use of its sizeable livestock population?

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,...

Given the significant foreign direct investment needed to achieve its development goals, Mongolia has strong motivation to improve its attractiveness to investors. The government is therefore adjusting its policies, while new laws are expected to gradually reinvigorate foreign investment flows.

Strong demand at home and abroad could prompt higher investment in Mongolia’s dairy industry as the country strives to return to self-sufficiency in milk, as well as capitalise on export potential in the region.