The Cabinet approved the program of state support of agriculture

 

The Cabinet of Ministers approved the program of state support of agroindustrial complex.

A decision the government took at the meeting today, February 7, reports Interfax-Ukraine.

As noted, this decision will reduce the cost of loans for the construction of livestock farms and complexes, or offsets some of the own funds of manufacturers to build.

As noted by Prime Minister Vladimir Groisman, we are talking about farmers who work in the legal field.

“I’m talking about legal farms. Our goal is to be more of them. Legitimate farmers will get loans at 1% in local currency up to five years. For the sowing campaign will receive 100% compensation for the seed,” he said.

Earlier, on the initiative of the Cabinet of state funds under the program to support farming on 1 billion UAH will be allocated for cheaper loans: 1% loan rate for the purchase of equipment, selection of seeds, provision of Advisory services.

The total amount of state support to agriculture in the budget for 2018 will reach 7.3 billion against UAH 6,3 billion in 2017.

State aid as allocated UAH 4 billion to support livestock production, 945 million UAH for the program a 20% compensation to farmers the value of Ukrainian agricultural machinery 1 billion – to support farmers.

Additionally, there are 300 million UAH for the program of support of development of hop growing and the laying of new orchards, vineyards, berry-fields and care for them. For a program to reduce the cost of loans will allocate 66 million UAH, expenses of the Agrarian Fund for the storage, transportation, processing and exports from the intervention Fund – 52 million.

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