€15000000 Will Be Spent on a Farming Sector in Ukraine in Two Years

by Roman Cheplyk
Tuesday, December 7, 2021
1 MIN
€15000000 Will Be Spent on a Farming Sector in Ukraine in Two Years

The EBRD will allocate money for the "Terra Food Group"

€15.000.000 is the amount spent in Ukraine from 2022 to 2024 on agricultural development. This investment was received from the European Bank for Reconstruction and Development. The funds have a specific purpose and project, discussed below.

The EBRD is ready to invest in a project from Terra Food. Terra Food is a vertically oriented agro-industrial holding specializing in dairy and meat production and agriculture. They supply raw materials to Tulchinka, Premialle, Golden Reserve, Vapnyarka, etc.

What will be in the new expensive project

According to the organization's calculations, such an investment should cover almost all significant aspects of the project. The funds will be used to construct a modern farm: pens, hangars, utility rooms, etc. Each design must meet high European standards. Also, the investments received should be enough to expand the land bank and purchase modern agricultural machinery. The plan will be implemented in 2022-2024.

We will also remind you that the Terra Food company earlier declared plans to purchase one of the best dairy farms in Ukraine. The main specialization of the plant is milk production, which helps create food for four Ukrainian producers.

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