As of October 12, farms received UAH 71,573.2 thousand as state support. The corresponding distribution of funds was approved by the Ministry of Economic Development, Trade and Agriculture under the budget program "Financial support for agricultural producers" in the direction of "Financial support for the development of farms" for the following purposes:
· Providing partial compensation for the cost of purchased agricultural machinery and equipment of domestic production for 2019 in the total amount of UAH 24,400.5 thousand. The funds will be received by 460 farms that have purchased 1,152 units of equipment.
· Providing partial compensation for the cost of seeds of agricultural plants of domestic production, purchased from individuals - entrepreneurs and legal entities engaged in production and / or its sale in 2019 for a total amount of UAH 8,537.5 thousand. The funds will be received by 447 farms that have purchased 3,368.4 tons of seeds.
· Provision of a budget subsidy per 1 unit of cultivated land (1 hectare) - to newly established farms - for October-November 2019 for the total amount of UAH 12,643.2 thousand. The funds will be received by 225 newly established farms;
· Providing a budget subsidy per 1 unit of arable land (1 hectare) - to other farms for October-November 2019 in the total amount of UAH 25,992.0 thousand. 861 farms will receive the funding.
"It is critical for us to ensure small and medium-sized businesses in rural areas develops in Ukraine. Currently, farming receives preferences from the state and is increasingly strengthening its market position. We have provided financial support to farmers in a number of areas. In addition, farmers are not limited in the use of state support, documents can be submitted for all programs," commented the Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko.
It should be noted, under the budgetary program "Financial support for the development of farms" in 2020 a UAH 380 million resource have been provided. Under the budget program Financial support on a repayable basis (interest-free loans) through Ukrderzhfond (Ukrainian State Fund) a UAH 67 million resource is provided.