KYIV. Nov 17 (Interfax-Ukraine) – PJSC Freedom Farm International (Kherson) will start a pilot project on the complete modernization of one of its irrigation areas at the end of the year with an estimated total value of UAH 38 million.
Company CFO Dmytro Cherniak said in an interview with the Business edition that the project includes the replacement of obsolete Frigate irrigation machines with modern Bauer electric irrigation machines and an upgraded pumping station.
According to Cherniak, in the past three years Freedom Farm International has spent UAH 15.5 million on the repair and modernization of the company’s irrigation system, in particular, UAH 7.8 million in 2015.
He also said that according to preliminary calculations, in 2015 the share of costs for electricity and water for irrigation in direct production costs will reach 37.9%. Other operating costs associated with irrigation will be about UAH 50 per 1 ha.
PJSC Freedom Farm International was registered in 2004. It specializes in the cultivation of grains and leguminous crops and oilseeds.
