Cabinet Ministers Ukraine allocates $2.5 Billion construction new Dairy Farms

Cabinet of Ministers of Ukraine allocates $2.5 Billion for construction of new Dairy Farms

The Cabinet of Ministers of Ukraine allocates UAH 2.5 billion for construction of new dairy farms in Ukraine using the tool for distribution of funds to support the agro-industrial complex in 2018.

“We are sending UAH 2.5 billion for construction of dairy farms in the country. Using these funds we will provide loans to agro-industrial enterprises. The rate of these loans will be about 3% in hryvnias [with the term of up] to five years. This is enough, and all associations support this. Or we will compensate about 30% of the cost, if the credit resources of the commissioned facilities are not involved. Throughout this year, mass construction of farms, dairy complexes will begin. We will increase the number of livestock and the volume of products made,” Prime Minister Volodymyr Groysman said at a government meeting on Wednesday.

MasterBreeder15-Lockmar-cow in barn 2-web500According to him, this year funds to support dairy livestock will be sent.

“We will compensate about UAH 1,500 per milk cow a year to all legal entities and manufacturers to increase milk production,” the prime minister said.

He said that now it is unprofitable to grow and keep cattle in the country, therefore the state plans to stimulate breeding of livestock.

The government plans to support gardeners and berry growers in 2018.

“Today’s decision means that 70% of the cost of planting material will be compensated by the state. The only requirement is that this planting material should be grown in Ukraine. We expect the creation of new gardens for 3,000 hectares,” the prime minister said.

This year UAH 1 billion is provided to support farmers. This money will be used to reduce the cost of loans for farms.

“Loans to farmers will be provided under the coordination of the Association of Farmers at 1% per annum in hryvnias. We plan the compensation for farmers of 40% of the cost of domestic agricultural machinery,” Groysman said.

In addition, the government allocates about UAH 1 billion for a program on compensation 20% of the cost of Ukrainian agricultural machinery to farmers.

Source: Interfax-Ukraine

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