Russian invasion decimates Ukrainian agriculture, 30% potential lost – Ministry of Agrarian Policy
Russia's full-scale invasion has decimated nearly a third of Ukraine's agricultural potential, the country's agrarian ministry reports.
According to Victor Kantsurak, State Secretary of the Ministry of Agrarian Policy and Food of Ukraine, the full-scale Russian invasion of Ukraine has led to the destruction of around 30% of the entire potential of the Ukrainian agricultural sector.
According to Kantsurak, almost 20% of agricultural lands are occupied. “Large areas are mined or contaminated with explosive objects,” he said
The State Secretary emphasized the importance of financing and supporting agricultural producers, saying, “The issue of providing financing and support for agricultural producers is more relevant than ever. The State Agrarian Register and the Partial Credit Guarantee Fund in Agriculture were created for this very purpose.”
Inessa Andrietti, a member of the Partial Credit Guarantee Fund’s board, said that a survey of over 2,000 small farmers revealed that most agricultural producers plan to expand their production areas and seek investments for this purpose.
“56% of agricultural producers plan to expand their production in 2024, and 53% of farmers intend to obtain investment loans for land acquisition. These data provide an understanding of how much the Fund’s guarantees are in demand among farmers today,” she said.
According to reports, the Kyiv School of Economics (KSE) estimates the losses inflicted on the Ukrainian agricultural sector at more than $80 billion. These losses include destroyed agricultural machinery worth $5.8 billion, losses from the loss of finished products amounting to $1.97 billion, and damage to grain storage facilities amounting to $1.8 billion.
Read also:
- EU’s import restrictions can prolong the war, Ukraine’s agriculture minister says
- Ukraine’s agriculture suffers $80 million in losses due to Russia’s war
- USAID to provide USD 250 million to support Ukraine’s agriculture sector, ambassador says
You could close this page. Or you could join our community and help us produce more materials like this.
We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society.
A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support.
