Ukraine Requests EU Commission for €220 Million in Farmer Financing

The Ministry of Agrarian Policy and Food of Ukraine has appealed to the European Commission for €220 million in non-repayable aid. The funds will be allocated to compensate interest rates on loans for small and medium-sized agricultural producers under the "Affordable Loans 5-7-9%" program. Minister Taras Vysotsky noted that the EU grant will allow the creation of a preferential loan portfolio of up to €4 billion with a final interest rate of no more than 10% per annum. Farmers will be able to use the funds for salaries, land rent, crop storage, and the autumn sowing campaign. The urgent need for financing has arisen due to attacks by the Russian Federation on the ports of Greater Odesa, which could reduce Ukraine's agricultural exports in the 2026/2027 marketing year from 64.4 million tons to 29.6 million tons. The highest risks are observed in the wheat segment, with shipments potentially falling from 17.6 million tons to 8.3 million tons. As a result, significant volumes of grain will remain within the country, and by November, more than 9 million tons risk being left without storage.

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