50 million euros in grants for Ukrainian farmers will be allocated by the European Commission (VIDEO)

24.05.2021

Photo: lathamseeds.com

For the successful development of Ukrainian land market, it is necessary to develop the system of mortgage and financing. For this implementation, the European Commission has allocated 50 million euros for grants for Ukrainian farmers. Kataryna Maternova, Deputy Director General of the Directorate for Neighborliness and EU Enlargement, spoke about this at the “Ukraine 30. Land” Forum on, May 24, the UATV informs. 

“We will provide 50 million euros in grants over 2 years to support small farmers so they can buy land. And this goes side by side with the need to develop the right mortgage and financing system. And we are very pleased to be joining to the efforts that are necessary for the success of this reform – a massive information campaign and the fight against misinformation about the opening of the land market”, – Maternova said.

A similar amount will be allocated from the state budget of Ukraine. These funds will be able to receive farms that have land up to 500 hectares. The money will be given from the Fund for Guaranteeing Loans in Agriculture. A draft law on the creation of such fund is currently under consideration in the Verkhovna Rada of Ukraine.

The land market in Ukraine starts on July 1, 2021. How it should work was discussed during the “Ukraine 30. Land” forum by Ukrainian politicians, agrarians and international partners. Charge d’Affaires of the United States in Ukraine Christina Kvien positively assessed the adoption by the Verkhovna Rada of bills on land reform. She also called on the Ukrainian authorities to adopt additional by-laws to provide anti-corruption guarantees for land reform.

“We still need to adopt one law so that everyone can participate in this business. We need to make sure that there are guarantees against corruption. We see that soon the market will really open its doors, and all participants should be there”, – she emphasized.

During the discussion at the forum, the White Paper “Strategy for the Development of Land Relations in Ukraine” was discussed. It is a strategic document that covers almost all aspects of land reform.

President Volodymyr Zelenskyy noted that during the moratorium on the sale of land, politicians and businessmen stole state land with an area equal to two Crimean peninsulas.

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date 24.05.2021
categories Economics
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