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Economy 2017-09-13T17:34:53+03:00
Ukrainian news
Cabinet Approves Concept Of Development Of Farm Enterprises And Cooperative Farming For 2018-2020 With Annual

Cabinet Approves Concept Of Development Of Farm Enterprises And Cooperative Farming For 2018-2020 With Annual Funding Of At Least UAH 1 Billion

The Cabinet of Ministers of Ukraine has approved the Concept of development of farm enterprises and cooperative farming for 2018-2020 with the annual funding of at least UAH 1 billion.

Respective Executive Order was passed at the Wednesday meeting of the Ukrainian Government, Ukrainian News Agency reports.

In particular, the Concept envisions boosting of volumes of farm produce with high added value by farm enterprises, development of financial instruments aimed at support for the farming; creation of favorable conditions.

The Concept also envisions regulation of acquisition of land plots by farm enterprises as well as legal status of lands formerly being in collective ownership.

According to the data provided by the State Statistics Service, as at late 2016, the number of operating farm enterprises was 33,682 or 70% of the total number of farm enterprises.

Over the past 10 years, the number of farm enterprises with less than 100 hectares decreased by over 20%, therefore, the said Concept aims to support such enterprises.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers advocates envisioning UAH 1 billion in the state budget for 2018 for earmarked farming support program.

Больше новостей о: Cabinet of Ministers farm enterprises farm farming

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