Ukrainian farmers will be compensated for electricity and fuel costs

Agricultural subsidies might be issued starting from January 1st, 2019. Subsidies are planned to be partial (up to 50%) compensations for the cost of electricity and fuel, writes “Agro-Center”.

It is planned that starting from January 1st, 2019, farmers who cultivate up to 500 hectares of land and whose income does not exceed 10 million dollars per year will receive a priority right to receive the subsidy. Farmers will be able to get a compensation up to 50% of the cost of electricity and fuel used to irrigate their land.

Also, it is planned that the farmers will be written into the register of subsidy recipients within a period that does not exceed 10 days from the date of filing the application. The register of recipients is in general access. The compensation will be transferred to a farmer’s personal account in a bank on the basis of the submitted information for the previous year.

“There is no limit to the amount of subsidy for one enterprise. The advantage will not apply to subjects that carry out certain activities in the sectors of poultry breeding, production of poultry meat, and manufacturing of egg products,”

notes Viktoriya Lyubych.

If the Verkhovna Rada adopts the bill, starting from January 1st, officials will accept farmers’ applications. Applications of those who cultivate less than 500 hectares of land will be accepted in the first place. An open register of recipients should ensure the transparency of the process and give farmers an opportunity to control the situation.