Agricultural enterprises attract UAH 4.5 billion of credit funds
2011-05-10 09:58:31
Ukrainian agrarian economies as of the beginning of May attracted UAH 4.5 billion (USD 1/UAH 7.97) of credit funds, which makes up 62.5% of the need in them for the sowing campaign, the Agrarian Policy and Food Ministry informs.
Out of this amount, UAH 3.6 billion falls on bank credits, for commodity credits - UAH 0.923 billion.
According to the Ministry, farmers attracted UAH 164 of credit funds per 1 ha of the farm land. Interest rates on the attracted credits fluctuate from 13.4% tо 25%.
According to experts, this year the sowing campaign will cost over UAH 30 billion to the farmers.