Farmers who purchased Ukrainian-made agricultural machinery and equipment in September 2024 will receive approximately UAH 150 million in compensation from the state, the Ministry of Economy reports on its website.
“We continue to support Ukrainian machine building. We have signed an order to allocate almost UAH 150 million as compensation for farmers who have bought new machinery and equipment made in Ukraine. Thus, we are stimulating demand for domestic products. The register currently includes 133 manufacturers and almost 11.8 thousand units of machinery and equipment. We hope that the number will increase,” said Yulia Svyrydenko, First Deputy Prime Minister and Minister of Economy.
The Ministry of Economy clarified that the funds will be transferred to 25 authorized banks based on buyers’ applications submitted in September. The largest amounts of compensation will be paid to buyers of machinery through PrivatBank (over UAH 52 million), Oschadbank (UAH 31.8 million) and ProCredit Bank (UAH 15 million).
In total, over UAH 395 million has been accrued to farmers since the program’s inception (including the current order), including UAH 220 thousand in April, UAH 18.6 million in May, UAH 66.4 million in June, UAH 61.5 million in July, UAH 98.5 million in August, and UAH 149.98 million in September.
More than 1700 farmers participated in the 2024 program and purchased Ukrainian machinery worth almost UAH 1.9 billion.
The largest number of applications for compensation for purchased agricultural machinery and equipment were submitted in the following regions: Odesa – 178, Kirovohrad – 170, Poltava – 157, Mykolaiv – 148, Cherkasy – 135, Vinnytsia – 120.
As reported, the state program to compensate farmers for the purchase of Ukrainian-made agricultural machinery and equipment is part of the Made in Ukraine policy. Farmers who have purchased machinery and equipment from the list on the Ministry of Economy’s website can receive compensation. To do this, they need to submit an application and documents confirming the purchase to an authorized bank.
Producers wishing to include their equipment in the list can contact the Ministry of Economy via the official e-mail address – meconomy@me.gov.ua. The application must be submitted in electronic form using an electronic signature or other means of identification that allow to establish the identity of the manager or authorized person.
The list of machinery and equipment is regularly updated after the localization of production is verified. The level of localization must exceed 60% (40-45% for tractors, combines, special equipment, etc.). The compliance of manufacturers is determined in accordance with the criteria specified in the Cabinet of Ministers’ Resolution No. 130 (as amended), the Ministry of Economy reminded.
