12:57 31.07.2024

USAID AGRI-Ukraine attracts $860 mln to support farmers in 2 years

2 min read
USAID AGRI-Ukraine attracts $860 mln to support farmers in 2 years

The United States Agency for International Development (USAID), through its Agriculture Resilience Initiative-Ukraine (AGRI-Ukraine), has attracted more than $510 million from the private sector and international donors over two years to support Ukrainian farmers, with an additional $350 million invested by the U.S. government, according to the donor organization.

"Since July of 2022, AGRI-Ukraine has helped more than 14,000 Ukrainian farmers – or 32 percent of the country's registered farmers – receive seeds, fertilizers, crop protection, storage, and financing to produce their harvests. Seeds distributed through AGRI-Ukraine are expected to catalyze production of an additional 430,000 tonnes of corn and sunflower, worth over $90 million in revenue for Ukrainian farmers," AGRI-Ukraine said.

When Russia attempted to block Ukraine's agricultural exports from Black Sea ports, this initiative helped develop and invest in Ukraine's alternative export routes, like the Danube River ports and Ukraine's land border crossings.

These efforts have resulted in exports of 62 million tonnes of agricultural products by Ukraine, contributing over $17 billion to its economy, according to USAID.

The $510 million in private sector and donor investments surpassed the agency's initial goal by threefold.

In 2023, AGRI-Ukraine expanded its partners, which now include contributions from 26 additional Ukrainian agricultural companies, U.S.-based Gowan Seed company, as well as international financial institutions, such as the European Bank of Reconstruction and Development. Additionally, both the Republic of Korea and Japan’s International Cooperation Agency have joined this effort.

"USAID and its partners remain committed to supporting Ukraine's agricultural sector and exports to help alleviate the global food security crisis exacerbated by Russia's war," the donor organization said.

AD
AD
AD
AD