Farmers are saving money to buy their rented fields.

Farmers are saving money to buy their rented fields. They are cutting purchases of combines and other farm machinery by up to 40%, says Alex Lissitsa, CEO of IMC, a major agrobusiness. He said: “Investments in technology will be suspended in the next two years. Everybody started to save all their money, as it’s likely that the banks won’t give big loans.” This spring the Rada is to pass a limited law allowing Ukrainian farmers to buy and sell up to 10,000 hectares. The market would start in October.

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