Business news from Ukraine

Business news from Ukraine

Farmers received UAH 39.4 mln of support for land reclamation

26 December , 2024  

In 2024, the Ministry of Agrarian Policy and Food provided UAH 39.4 million in state support to agricultural producers using reclaimed land, Minister of Agrarian Policy and Food Vitaliy Koval said in a telegram.

“To receive the budget subsidy, they submitted applications to the State Agrarian Register. After the Ministry of Agrarian Policy commission reviewed the applications, state support was granted to 10 agricultural enterprises in Cherkasy, Kyiv, Odesa, Poltava, Zhytomyr and Lviv regions for a total of UAH 39.4 million,” the minister wrote.

According to him, these funds were used to provide irrigation on an area of 2.5 thousand hectares of cultivated farmland.

Koval reminded that state support is provided in the amount of up to 50% of the cost (excluding VAT) to farmers for the reconstruction and/or new construction of reclamation systems, as well as to water user organizations for the restoration, reconstruction, modernization, overhaul of pumping stations (commissioned) in the period from November 1 of the previous year to October 31 of the current year.

The maximum amount of the subsidy to a commodity producer is UAH 26.5 thousand per hectare of cultivated land where the relevant work has been performed.