Farmers registered 514 crop receipts for the amount of UAH 3.2 billion in January-September 2018, Ukraine’s Agricultural Policy and Food Ministry has reported.
According to the ministry’s report, crop receipts were issued with future crops used as collateral. Since the launch of the tool as of October 9, 2018, farmers registered 696 crop receipts for the amount of UAH 4.4 billion, including 290 commodity receipts for UAH 2.5 billion and 406 financial receipts for UAH 1.9 billion.
The ministry said that liabilities under 176 crop receipts for UAH 1.4 billion were completed.
The ministry said that in 2018, 74% of the total crop receipts were registered. Producers of grain and oilseeds, producers in vegetable growing, gardeners and livestock breeders used the tool.
The ministry said that 54% of crop receipts were issued to entities with a land bank of 1,000-5,000 ha, 36% – with over 5,000 ha and 10% with up to 1,000 ha.