Ukraine's govt plans to allocate financial assistance to farmers for lost crops

Source : 112 Ukraine

Farmers will get the assistance in amount of $200 per hectare
19:39, 15 May 2020


The Ukrainian government plans to allocate irrevocable one-time financial assistance to farmers for lost crops, as Deputy Minister of Economic Development, Trade and Agriculture Taras Vysotsky stated, the press service of the UCAB reports.

"In the direction of supporting farmers, we need to allocate non-refundable one-time financial assistance for lost crops in the amount of $200 per hectare," Vysotsky said.

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He noted that financial assistance is necessary so that farmers have the opportunity to plan how to pay off their shareholders, pay taxes and make a plan for sowing season 2020/2021.

According to Vysotsky, the main task is to make the tool for obtaining assistance as simple as possible.

"Agricultural producers who want to receive assistance must confirm their status, provide area statistics, confirmation from the Hydrometeorological Center about force majeure weather conditions and land activation made by commissions at the level of local administrations," the statement said.

The deputy minister also noted that the loss of crops due to the drought is an emergency, and it it is necessary to separately allocate funds and attract additional financial resources.

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"Within the $150 million of funds allocated by the state to support the agricultural sector, this issue cannot be resolved. Because we have 300 thousand and 410 thousand hectares of land in Ukraine in Odessa region with lost crops. If you multiply this number of hectares by $200, in total we will get $75 million. In fact, if you remove $75 million from $150 million, plus $320 million should be taken into account for the previous period, then it makes no sense to talk about support programs with a budget of $37,5 million for this year, " Vysotsky added.

As we reported before, the Economy Ministry will create a task group on the implementation of the law on the market of the land of agricultural purpose

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