Five thousand cow: Ukraine has launched a new program to support farmers

Five thousand cow: Ukraine has launched a new program to support farmers
19:46 W, 3 March 2020, the Telegraph UKRINFORM Photo: unsplash.com Business news:the government is going to launch a program to support farmers who hold less than 25 cows.

The government plans to launch a program to support family farms that hold no more than 25 cows, with the payment of 5 thousand UAH per cow.

This was stated by the Deputy Minister of economic development, trade and agriculture Taras Vysotsky during the XIIIth International dairy Congress, reported the press service of the Association of milk producers (AVM).

“I hope that will develop the family dairy farm. Additionally plan to launch a program to support family farms by payments on 5 thousand UAH per cow, which contain not more than 25 cows. Also we would like to implement a support programme land resources for dairy farming is based additional 2 ha for 1 cow” – said Vysotsky.

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He stressed that the basis for the development of the dairy Department should be the focus on maximum productivity of the population. Accordingly, required work programs, which provide such a result. In particular, the compensation program for the purchase of breeding highly productive livestock, the program of compensation of up to 30% of the cost of construction and reconstruction of livestock farms and the program reduce the cost of loans up to 5% up to 1.5 NBU discount rate, but not more than UAH 15 million per group of related people.

According to the Deputy Minister, the government intends to June this year to develop the program of state support of the agricultural sector, including state support of livestock breeding, which will operate over the next three years.

As reported, the Cabinet of Ministers of Ukraine at the meeting on 19 Feb 2020 has identified 8 major trends in the agricultural sector of the economy, which in 2020 will be allocated 4 billion UAH of state support.

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In particular, the state support of livestock and processing of agricultural products; financial support for the development of farms; – partial compensation of cost of agricultural machinery and equipment of domestic production; financial support measures in the agricultural sector through cheaper loans; financial support for the development of horticulture, viticulture and hop-growing; providing family farmers additional financial support through the mechanism of payments in favor of the insured persons – members/chair of family farms of a single social contribution.

The government intends in March to approve the use of funds of state support for farmers in 2020, and from April to start paying assistance.

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