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Ukrainian govt to allocate UAH 6.5 bn for farmers support in 2018 - PM

Ukrainian govt to allocate UAH 6.5 bn for farmers support in 2018 - PMSome UAH 6.5 billion will be used to support agricultural producers and UAH 1 billion to compensate for the cost of agricultural machinery in 2018, Prime Minister of Ukraine Volodymyr Groysman said.

This is reported by Interfax-Ukraine.

"This year we foresaw UAH 550 million for the support of Ukrainian agricultural machinery producers because we want the machinery to be manufactured in our country to create jobs and every year increase this support in Ukraine. We believe in 2018 this support will be UAH 6.5 billion, we will spend another UAH 1 billion on agricultural machinery," the prime minister said at the opening of the ХХІХ Agro 2017 agro-industrial exhibition.

According to him, 1% of proceeds from all agricultural production are to be reinvested in agriculture.

The premier said 40% of the country's forex earnings fall on the agrarian sector.
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