Ukraine to limit amount of subsidies to agricultural producers in 2018Staff Writer | October 19, 2017
The formula for distributing subsidies to agricultural producers in 2018 will be changed, and a restriction on granting state support to one producer not exceeding UAH 150 million per year will be imposed.
Food production First Deputy Minister Maksym Martyniuk:
According to a statement released by the ministry on Friday, October 13, the draft state budget for 2018 provides for the allocation of UAH 2 billion for a subsidy program for the development of agricultural producers and stimulation of agricultural production.
"The budget subsidy for UAH 2 billion will be improved by changing the formula for accrual of funds and limiting the provision of support to one producer - no more than UAH 150 million," the report says.
According to the ministry, as part of the program to support the development of farms for UAH 1 billion 50% of this amount will be received by cooperatives and the other half by family farmers, classical farmers and those who want to become a farmer for the first time. ■