On March 8, 2022, a significant event for domestic agricultural producers took place – by the decree of the Cabinet of Ministers of Ukraine, the program for state compensation for agricultural machinery produced by Ukrainian companies came into effect. The guarantee of the real implementation of the support mechanism for the national agro-industrial complex is the allocation of funds in the budget for the current financial year in the amount of 1 billion UAH for such needs.
Procedure for Receiving Compensation
One of the leaders in the domestic market in the segment of manufacturing specialized machinery for the harvesting and transportation of grain crops, LLC “Egritech”, is included in the list of suppliers whose products are eligible for partial compensation to farmers, as provided by the adopted program.
Cooperating with a leading national manufacturer is very beneficial for workers in the agricultural sector for two reasons – firstly, you purchase the necessary equipment directly from the manufacturer at a favorable cost and without the speculative markups common to intermediary structures. And secondly, you are provided with compensation from the state in a very decent amount – 25% of the price of the purchased equipment.
The mechanism for obtaining compensation is very simple and convenient:
- Select a seller from the list of suppliers provided by the Ministry of Economy;
- Purchase equipment manufactured in Ukraine;
- Submit the confirming documents and an application form to the authorized bank;
- Receive the corresponding compensation into your bank account.
Individual entrepreneurs and legal entities, whose main type of activity is the supply of agricultural products, are entitled to receive budget support.
State compensation for agricultural machinery in 2024 holds particular value under the current difficult conditions, as farmers have to work amid a horrific war unleashed against our country. However, it is precisely such steps by the government and the efforts of leading domestic companies that will ensure the food security of Ukraine and the fertility of its main wealth – the generous land.
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