Ukrainian farmers increase purchase of Ukrainian machinery by 31%

Ukrainian farmers under the government-funded program to support acquisition of Ukrainian machinery and equipment bought it for the amount of over UAH 5.77 billion in 2019, which is 31.2% more than in 2018. At the same time, the amount of compensation [25% of the cost] for the purchased equipment amounted to UAH 640 million (applications submitted by farmers in September were satisfied). Deputy Minister of Economic Development, Trade and Agriculture Taras Vysotsky said that this program was underfunded due to the fact that the budget provided for these purposes less funds (UAH 682 million) than the demand for this program. In the fourth quarter, when there was no money left for compensation, farmers purchased equipment for UAH 2 billion, which means compensation for another UAH 500 million. The possibility of considering this compensation in 2020 will be discussed.
Source: Secretary of the National Committee for Industrial Development