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Ukraine announces 20-fold increase in farming subsidies

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Staff Writer | January 30, 2017
The Ukrainian government has decided on a twenty-fold increase in farming subsidies this year to about $200 million U.S. dollars, the Agriculture Ministry said.
Ukrainian farmer
Food in Ukraine   The Agriculture Ministry:
"The aid is increasing because agricultural production is on the rise," Agriculture Minister Taras Kutovyi said.

The major share will be directed to such farming sectors as livestock production and horticulture, which are not fully developed, he said.

In addition, part of the funds will be used to support the agricultural machinery manufacturing sector with the mid-term goal of making Ukraine-made machinery affordable for small farmers.

Ukraine's development strategy in the next five years foresees allotting one percent of the state income from agriculture production to supporting farmers.


 

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