The State Allocated UAH 242.4 Million for Compensation to Farmers for Equipment

The Ministry of Economy has transferred UAH 242.4 million to banks for compensation payments on applications submitted in May under the program for partial reimbursement of the cost of Ukrainian agricultural machinery and equipment. In May, agricultural enterprises submitted 619 applications for reimbursement of the cost of 1,104 units of agricultural machinery with a total value of UAH 1.17 billion (including VAT). More than 600 agricultural enterprises received compensation. Among the purchased equipment are seeders, cultivators, harrows, sprayers, harvesters, tractors, and grain dryers. Deputy Minister of Economy Vitaliy Kindratov noted that the program stimulates demand for domestic agricultural machinery and provides jobs. Since the resumption of the program in April 2024, 11,570 agricultural enterprises have purchased 19,453 units of equipment worth over UAH 14.5 billion, and the total amount of partial reimbursement has reached nearly UAH 3.05 billion. In April, the government increased the compensation rate to 40% (excluding VAT) for farmers with 80% of land in combat zones. 33 enterprises from frontline regions purchased 110 units of equipment for nearly UAH 55.8 million, receiving over UAH 22.3 million in payments.