From March 1, farmers will receive 20% of compensation for the acquired agricultural machinery

the Minister of agrarian policy T. Corner reported on its page on the social network that at a government meeting 01.03.17 approved a mechanism dedicated for 2017 to compensate for the purchase of agricultural machinery of domestic production of 550 million UAH.

According to the document, the amount of compensation increased from 15% to 20%.

"in Order to receive compensation for the acquired agricultural machinery, an agricultural producer must send to the state Bank the application and documents confirming the purchase of equipment. The Ministry of agrarian policy within one month after receiving the package of documents the Bank will transfer the funds, and he, in turn, compensates the producer of 20% of the cost of purchased equipment, which does not account for the VAT", - the Minister explained the new procedure.

the Commission of the Ministry of economic development will develop a list of manufacturers and items of equipment, which will be compensated. It will include machinery and equipment, the localization level exceeds 60% (this figure has also increased).

the above list will be published on the websites of the Ministry of agriculture and Ministry of economic development.