Ukrainian Gov expands farm economies support

27.02.2019 23:17 "Agro Perspectiva" (Kyiv) — As of this week, in order to facilitate the access of the domestic farm economies, young farmers and agricultural servicing cooperatives to the State financial resources, the Cabinet, with its Decree from this year Jan 30, No. 126 «On Amendments to the Procedure for Using the Funds Stipulated by the State Budget to Provide Financial Support to the Development of the Farm Economies», has supplemented the current Procedure with new directions and improved the mechanisms of the State support for farmers and agricultural servicing cooperatives, Ukrainian Ministry of Agrarian Policy and Food reports. Thus, the new directions include, for the farm economies: 1) a possibility to use (save for the newly created farm economies) a budget subsidy per unit of cultivated land (1 ha) as much as UAH12,000 per one member of the farm economy, with the maximum amount of money that can receive such a farm economy to be UAH40,000; 2) the head of a farm economy, whose age does not exceed 35 years, is given a possibility to receive such a budget subsidy within the maximum amount; 3) the maximum amount of the compensation for the agricultural plants seeds’ (domestically produced) cost has been grown from UAH60,000 up to UAH80,000.

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