Business news from Ukraine

Farmers will be compensated up to 50% of cost of construction and restoration of reclamation systems

At a meeting on Friday, the Cabinet of Ministers decided to compensate up to 50% of the cost of restoring and building reclamation systems for water user organizations, the Ministry of Agrarian Policy and Food reported.

According to Resolution No. 628 “On Amendments to the Procedure for the Use of Funds Provided in the State Budget for Providing State Support to Agricultural Producers Using Reclaimed Land and Water User Organizations” developed by the Ministry of Agrarian Policy, farmers using reclaimed land can receive compensation for the reconstruction and modernization of existing or construction of new reclamation systems, as well as for the restoration of pumping stations.

The amount of assistance for farmers will not exceed UAH 26.5 thousand per 1 hectare of cultivated land subject to hydraulic reclamation, excluding the cost of sprinklers.

The budgetary subsidy is provided for the works and reclamation systems commissioned for the period from November 1, 2023 to October 31, 2024.

The Ministry of Agrarian Policy clarified that farmers will submit applications for budgetary funds and documents for it through the State Agrarian Register. The Ministry will announce the start of the application process later.

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