Ukrainian farmers hope for help from the International Monetary Fund as the country’s financial and political crisis has toughened lending conditions during the key spring sowing campaign, farmers and bankers say.
Polina Devitt and Pavel Polityuk
April 30, 2014
Ukraine’s coming corn crop could in the worst case drop by a third to 20 million metric tons as the current crisis prompts banks to reassess risk, making it hard for farmers to get funding for seeds and other necessities, traders and analysts say.
It used to take Alex Oronov 24 hours of flight time to shop for North Dakota farm machinery. Now, it takes him less than an hour.
Oronov is head of a Ukrainian agribusiness that is operating a “model farm” that serves as a dealer location for North Dakota farm equipment, supplies and expertise. The farm is 50 miles southeast of Kiev, the capital, on farmland that is similar to the fertile Red River Valley of North Dakota and Minnesota.
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »