In 2026, 60 million UAH will be allocated for agricultural insurance from the state budget

|
In 2026, 60 million UAH will be allocated for agricultural insurance from the state budget

In 2026, the government plans to allocate 60 million UAH from the state budget of Ukraine to support agricultural product insurance. This initiative aims to strengthen the resilience of the agricultural sector and contribute to the recovery of the country’s economy amidst ongoing challenges.

This is reported by Finway

Priorities for State Support of the Agricultural Sector

According to a statement from the Ministry of Economy, the key areas of state support in 2026 will focus on frontline territories, the development of irrigation systems, and assistance to producers operating under the most challenging conditions. Special attention will be given to enhancing the effectiveness of insurance tools, funding livestock farming, aquaculture, and humanitarian demining of agricultural lands.

“In 2026, we are focusing state support on those areas that ensure the resilience of the agricultural sector and the recovery of the economy. The priorities are frontline territories, irrigation development, and support for producers working in the most difficult conditions. We are strengthening insurance tools and directing funds towards livestock farming, aquaculture, and humanitarian demining of lands,” the agency stated.

Potential of the Agricultural Sector for Integration into the EU Market

Serhiy Tarasov, founder of the I&U Group agricultural holding, emphasized that despite the state of war, the Ukrainian agricultural sector demonstrates high resilience and readiness for integration into the European market. He highlighted that domestic farmers have long been operating according to EU standards, which has become the foundation of their business.

Tarasov also noted that significant opportunities are opening up for Ukraine in the areas of agricultural product processing, digitalization, and the development of bioenergy. In his opinion, these areas could position Ukraine as a leader in implementing the principles of a circular economy.