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Ukraine: agricultural land market opening allowed to intensify the development of horticulture

The opening of the agricultural land market made it possible to intensify the development of horticulture. The owners are interested in investing in their land. This was stated by the Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi, SEEDS writes with reference to the website of the Ministry of Agrarian Policy and Food of Ukraine.

Mykola Solskyi recalled that a grant program was launched in the summer to create and improve orchards and greenhouses. Standard projects have been prepared and 78 applications for 378 million UAH have been approved so far.

“We expect a high level of confidence in this program, which is very good, as these areas allow us to quickly create jobs. This is a great idea for the employment of the villagers. The state gives a farmer a large compensation in the amount of 70% – several hundred thousand hryvnias (UAH) per 1 ha,” the Minister of Agrarian Policy noted.

In addition, as Mykola Solskyi noted, the government promptly responded to the urgent need of farmers for preferential loans in the early spring of 2022. The state provided guarantees in the amount of 80% for a loan within the limits of “5-7-9” and allowed grain to be included in the collateral. Under this program, farmers attracted about 40 billion UAH.

“It is indicative that there is no non-repayment of funds on loans received,” the minister stressed.

Farmers received loans totaling more than 90 billion UAH in 2022.

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