Agribusinesses operating in the mineral fertilizer market help Ukrainian farmers apply fertilizers correctly and choose optimal solutions in accordance with specific production conditions. At the same time, it is important for farms to use fertilizers and plant protection products effectively amid a challenging economic situation and changes in crop patterns. This was stated by Taras Vysotsky, Ukraine’s Minister of Agrarian Policy and Food, in an official statement, as reported by Dengi.ua.
“In the face of military challenges, farmers must use every kilogram of fertilizer as efficiently as possible to achieve results in their final output. Full compliance with cultivation technologies remains one of the key factors in the efficiency of agricultural production,” emphasized Taras Vysotsky.
According to the minister, advanced technologies are making the Ukrainian agricultural sector competitive and highly efficient, enabling it to operate and overcome complex challenges throughout more than four years of full-scale invasion.
Vysotsky also reported on farmers’ access to government financing, specifically:
- The government has updated the "5-7-9%" preferential lending program for farmers: the interest rate on loans is now 10%, and agricultural producers can receive up to 90 million UAH for field operations.
- The National Bank of Ukraine (NBU) has increased the collateral ratio for agricultural products from 0.4 to 0.75 and simplified financing terms for producers, including those with overdue debts.
- Agricultural notes are one of the most effective tools for providing liquidity to agricultural producers. The Ministry of Agrarian Policy previously supported the development of agricultural receipts and, subsequently, the transformation of this instrument into digital agricultural notes.
In addition, the official drew attention to possible changes in cropping patterns. According to preliminary estimates, the area planted with winter rapeseed may increase by 5–7%, while the area for winter wheat may decrease by 10–15%. However, these changes are not drastic and do not diminish the need to adhere to effective agricultural practices.