Agrarians feel lack of 8 billion UAH for sowing campaign

Assets deficit for spring sowing campaign in 2014 is estimated of 8 billion UAH, informed press-service of Ministry of Agrarian Policy and Food of Ukraine.

“For the complex of spring field works Ukrainian agrarians are provided with assets not more than for 80%. Direct assets deficit in amount of 8 billion UAH is planned to be covered by borrowings, including attraction of bank and commercial credits”, mentioned in the message.

They specifies in the message that the deficit is planned to be covered by attraction of bank credits in amount of 4,7 bln UAH and commercial credits – 3,1 bln UAH.

The estimated need of assets for the complex of spring field works makes 42,8 bln UAH. Agrarians have 34,8 bln UAH at their disposal.

On estimation of the body this year planned expenses for spring field works per 1 ha make 2087,3 UAH that is 234,5 UAH more, comparing to 2013.

Ministry of Agrarian Policy and Food considers that one more source of covering deficit of own assets for agricultural manufacturers is signing forward contracts with State Food and Grain Corporation and Agrarian Fund.

As it was informed referring to data of Ministry of Agrarian Policy and Food, by March 11, 2014, Ukraine planted 106 thousand ha of spring crops.

Source Delo