Investment of Cygnet agricultural company in the upgrade of its agricultural machinery fleet in 2017 totaled UAH 78.9 million.
According to information on the company’s website, in 2017, the share of corn planted on the areas cultivated by the company was 62%, that for soybeans – 20%, sugar beets – 16% and industrial crops – 2%.
The company last year harvested 122,700 tonnes of corn (the yield was 8.26 tonner per ha), 9,300 tonens of soybeans (2.4 tonnes per ha) and 210,000 tonnes of sugar beets (54 tonners per ha).
Cygnet increased milk production by 5.7% in 2017, to 5.3 tonnes.
Last year the company paid UAH 169.2 million of taxes.
As reported, Cygnet in 2017 invested $2.7 million in the modernization of a sugar factory in Zhytomyr region.
The company cultivates 25,000 hectares in Zhytomyr and Vinnytsia regions, where it grows corn, soybeans, wheat, and sugar beets.
Cygnet also has a dairy business line (about 700 cows), its products are sold to local processors, and the elevator capacity is 60,000 tonnes.
