Ukrainian Agribusiness Club suggests drones, elevator equipment to be declared reimbursable

Source : 112 Ukraine

Ukraine's funding of the machinery cost reimbursement program increased to $33.1 million for 2018
18:28, 11 January 2018

Open source

The Ukrainian Agribusiness Club association considers it beneficial to add drones and elevator equipment to the list of agricultural machinery eligible for reimbursement, reported by Interfax-Ukraine.

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The press release published by the association claims that farmers of Ukraine requested compensation cumulatively worth only $4.7 million in 2017, despite the reimbursement program’s total budget of over $19.25 million. Overall, Ukrainian agricultural producers purchased around 80 tractors, one harvester, over 2000 units of tillage and sowing machinery, cumulatively worth $28.15 million.

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“We suggest enlarging the list of machinery that falls under the reimbursement program. Possible additions to the list may include, for instance, unmanned aerial vehicles (drones) for agricultural purposes or equipment for elevator farming,” the coordinator of the association’s technical committee Oleh Nesterov announced.

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The program of reimbursement of costs of agricultural machinery and equipment saw an increase in funding for 2018. The program’s budget rose from $19.25 million to $33.1 million. Nevertheless, Nesterov warns against the doubling of funding, despite the fact that the market of agricultural equipment doubled in the past year.

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The technical committee of the Agribusiness Club intends to change the existing procedure of fund allocation. Its recommendation is to add more items to the list of equipment and machinery eligible for reimbursement by the state program.

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