Ukraine war: Government incentives promotes farm machinery purchases
Since Russia invaded Ukraine on February 24, 2022, an estimated 110,000 agricultural machines have been stolen or destroyed, leaving the farms chronically short on workers, money, and essential farm equipment. In addition to the massive financial loss and the brutal infrastructural destruction, growers have been resolutely battling low grain prices and drought, which have severely reduced yield this year. However, an unusual 25% discount on locally made tractors and tools has encouraged them to invest in new equipment despite this situation. This government-sponsored incentive has increased the demand for Ukrainian-made cultivators, drills, sprayers, and grain storage equipment. Ukarain-made equipment According to Ukraine writer Ihor Pavliuk, you can now purchase a "made-in-Ukrain" drill for €10,000–€20,000 [£8,400–£16,800] instead of €50,000 [£42,000] for something from the European Union (EU). These companies have kept their prices extremely low in comparison to well-kno...