The Verkhovna Rada has approved state support for newly created farms and farms with managers no older than 35 years. Farms will be also able to construct buildings and structures for agricultural production on leased land with the consent of their owner.
The bill on stimulating the activities of farms (No. 4046) was adopted at the final reading by the parliament on Sept. 24. It was supported by 291 MPs with the required minimum of 226 votes.
According to the text of the bill, newly created farm enterprises (in the first three years after its creation), farm holdings with separate farmsteads, family farms located in the mountains and in the woodlands will be able to apply for help from the state budget on non-refundable or refundable conditions.
The funds to support farmers will be provided from the state budget, including through the Ukrainian State Fund for Support of Farms and local budgets. The procedure for the provision of this assistance will be approved by the Cabinet of Ministers.
In addition, farms receive the right to build residential houses, outbuildings and structures on the leased land plot, as well as to lay perennial plantings, to build water facilities and reclamation systems with the written consent of the owner of the land plot.
