News
13.02.2014
Minimum expenses for sowing campaign will be UAH 50 billion this year - Prysiazhniuk
Ukrainian farmers need UAH 50 billion for carrying out this spring sowing campaign. Acting Agricultural Policy and Food Minister Mykola Prysiazhniuk has said about this during his visit to the agricultural enterprise in Kyiv region, a Ukrinform correspondent reports.
“To more or less normally fulfill the requirements of technical support regarding seed, minimal fertilization and plant protection, it is necessary to spend at least UAH 2,000 per hectare. For sowing, about UAH 50 billion are necessary," the Minister said.
He also said that farmers are able to finance the sowing campaign at their own expense by 80%. Prolongation of overdue credits by the National Bank, which are about UAH 10 billion, will allow farmers to use these funds for immediate operating costs.
The Agrarian Fund and the State Food and Grain Corporation will give to farmers another about UAH 8 billion through the forward funding. “In other words, actually we are provided with the funds for the spring sowing campaign this year,” Prysiazhniuk stressed.
