The Ministry is considering financial support for the cooperatives in 2018

The Ministry of agrarian policy and food of Ukraine is looking for a mechanism of financial support for farmers involved in co-operation in 2018, the report said the agricultural Department.

“Today the Ministry is looking for a new formula, innovative idea, which could be key next year. And we think that this may be the support of cooperatives. We’d like to get the model that will be effective for all stakeholders – farmers, public associations, rural residents, consumers,” cited on the website of the Minister of agrarian policy and food of Ukraine Taras Kutovy.

According to the Deputy Minister Elena Kovaleva, Ukraine has not fully realized the potential of agricultural cooperation, which can be a powerful tool for effective development of rural communities and the agricultural sector as a whole .

“Cooperation is the opportunities that should be implemented: increasing employment in rural areas ensuring the food demand, rising incomes of rural families, the withdrawal of products of small producers to the organized market and for export,” – said E. Kovalev.

As reported by the budget in 2017 will be allocated money for the program of compensation of interest rates to farmers UAH 300 million on loans to farmers – UAH 65 million, to support livestock production – 170 million UAH for the development of hop growing, laying of new orchards, vineyards, berry-fields – 75 million UAH to quasiactuarial VAT – UAH 4 billion, depreciation of agricultural machinery – 550 million UAH, other programs – 287,8 million.

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