Farmers lost $10 billion due to the war against Ukraine

Published Jun 20, 2024

Tridge summary

Ukraine's agricultural sector has faced over $10 billion in direct losses due to the ongoing war, significantly impacting both domestic and global food security. Acting Minister of Agrarian Policy Taras Vysotskyi emphasizes the need for accelerated recovery and international support, particularly through long-term projects like the EU Ukraine Facility program. The conflict has destroyed 30% of Ukraine's agro-industrial capacity and left 20% of its agricultural land under occupation, with substantial losses in machinery and livestock farms. Additionally, the war has contributed to a 35% rise in international food prices in 2022.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the two years since the beginning of the full-scale war, the direct losses of the Ukrainian agricultural sector have exceeded 10 billion dollars, so its recovery should be accelerated in order to guarantee domestic and global food security. This was told by the acting Minister of Agrarian Policy Taras Vysotskyi. He noted that Ukraine is one of the world leaders in the export of grain and oilseeds, therefore the restoration of the agricultural industry will ensure the stability of global food markets. The situation was stabilized only after the launch of new export routes. The support of international partners is necessary for the reconstruction of the Ukrainian agricultural sector. Acting the minister emphasized the importance of long-term projects, such as the EU Ukraine Facility program. Vysotsky noted that increasing the production of value-added products is a contribution to the energy security of Ukraine and the European Union. According to him, Ukraine can potentially ...
Source: Agropolit
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