Government is ready to partially compensate farmers for the cost of domestically produced combine harvesters, seed drills and grain dryers

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The Ministry of Economic Development, Trade and Agriculture of Ukraine (the Ministry of Economy) has expanded the list of Ukrainian agricultural machinery, the cost of which the Ministry promises to compensate farmers from the state budget. The procedure will be carried out under the program “Financial support for agricultural producers” in the direction of “Partial compensation for the cost of agricultural machinery and equipment of domestic production.”

According to the website of the Ministry of Economic Development, Trade and Agriculture of Ukraine, 320 new items of machinery and equipment have been added to the list, and now there are 14,892 items of equipment from 200 manufacturing plants under the state program. The list of manufacturing plants has also increased by 9. These plants are, for example, “VILSAR Group” LLC (43366276), “Ahroprommontazh” PE (24145306), “Khorolskyi mekhanichnyi zavod” PJSC (14311353), “Ventilation solutions “VENTSOL” LLC (38026905).

A semi-trailer sowing complex for seeding using Strip-Till technology, direct seed drills, machines and applicators for liquid mineral fertilizers, sprayers, sunflower harvesting headers, grain separators, process equipment for compound feed plants and elevator complexes, equipment for drip irrigation systems, grain dryers, weighing equipment for agricultural products, semi-trailers, tillage equipment, cattle and pig farming equipment, and some other items of equipment have been added to the list of agricultural equipment, the cost of which will be compensated from the state budget.

“We continue to expand tools to support national manufacturers. From now on, even more Ukrainian agricultural machinery manufacturing plants will be able to better sell their products, because compensation in the amount of 25% of the cost is a good incentive for agricultural producers to purchase our domestic machinery and equipment,” commented Ihor Petrashko, the Minister of Economic Development, Trade and Agriculture of Ukraine.

The list of domestic agricultural machinery and equipment, the cost of which is compensated under the state program, can be found on the website of the Ministry of Economic Development, Trade and Agriculture of Ukraine.

It should be noted that in 2020, agricultural producers were compensated with about UAH 892.6 million ($32 million) for the cost of purchased machinery and equipment. The funds were received by 7,260 farmers, who purchased 14,946 items of agricultural machinery and equipment to the tune of almost UAH 4 billion ($143 million).

Read also: “The National Bank expects an increase in population incomes and GDP”

Translated by Anna Voronina

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