Ihor Petrashko: Agrarians will receive almost UAH 1 bn to reduce cost of agricultural machinery

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Open source

For the period December 2019 and January-November 2020, the total amount of compensation for farmers who used the program “Partial compensation for the cost of agricultural machinery and equipment of domestic production (25%)” amounted to UAH 957.5 million. The Journalist reported with reference to the press center of the Ministry of Economy.

“In total 7,260 agricultural producers applied for this type of support, 5,180 of which are farms. In total, 14,946 units of agricultural machinery and equipment were purchased for a total amount of more than UAH 3.8 billion. This is a vivid example of the effectiveness of the program, which agrarians and farmers are willing to use,” said Minister Ihor Petrashko.

TOP-5 regions with the highest demand for reimbursement of purchased equipment – Poltava, Zaporizhzhia, Sumy, Dnipropetrivsk and Kyiv.

The minister added that thanks to this program, farmers can prepare for spring and autumn field work, update agriculture machinery and other equipment. It is important that the program focuses specifically on domestic agricultural equipment, because this stimulates the expansion of commodity positions and an increase in the number of machine-building enterprises.

In addition, the program has economic efficiency and social significance for the development of regions. In particular, the program contributes to the creation of additional jobs, an increase in revenues to local budgets and the attraction of investments in the Ukrainian agro-industrial complex.

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