News
30.04.2013
Domestic farmers increased investments in farm machinery up to 197 million USD
Despite the heat wave in 2012 and ongoing efforts to increase the fiscal burden on farmers, agricultural producers do not cut investments in fixed assets, particularly in modern agricultural machinery. This is evidenced by the volume of foreign trade in agricultural equipment. Figures, published by the State Customs Service of Ukraine, show that in Q1 of 2013 imports and exports of tillage, seeding, harvesting equipment and machinery made up about 197 million USD, which is 5% more than in 2012.
"Continuous investments in technology development is definitely a win-win strategy, even taking into account all the present risks in the agricultural sector because without improvement of production efficiency under conditions of cost reduction one can hardly gain success in agriculture. Ukrainian farmers can not rely on government support, so the only way to increase profitability is the development of advanced technologies. At the same time, agricultural equipment cost a lot of resources, and in choosing of a specific cultivator, seeder or harvester, farmers have to take into account all “pros” and “cons”. Fortunately, today more attention is paid to providing farmers with the opportunity to discuss technological characteristics of crop production and learn about the latest trends in the market of agricultural equipment and machinery. One of such initiatives is the annual module of UCAB “AgriSchool” "Field crop production", dedicated to technical support of optimal harvest, which will take place from May 30 to June 2, 2013,"- the Advisor on agricultural markets of the Association "Ukrainian Agribusiness Club" Taras Vysotskyi says.
