Ordinance No. 882-r validating conceptual directions of cheaper credits to agricultural producers for purchase of agricultural land.

Conceptual directions are implemented in order to: (a) create preconditions for land transactions; (b) introduction of financial mechanisms that will enable small agricultural producers to buy agricultural land; and (c) ensuring equal opportunities for agricultural producers while accessing credit to acquire agricultural land. Terms of implementation - III quarter of 2020. The following mechanisms are proposed to solve the problem: (a) cheaper credits to agricultural producers; (b) partial guarantee on credits to agricultural producers for the purchase of land. Small agricultural producers will be able to receive support either through one of these mechanisms or both. The criteria for determining small producers of agricultural products shall be set by the Ministry of Economy. Cheaper credits to agricultural producers imply, first of all, the availability of such credits to small agricultural producers, whose purpose is to purchase agricultural land. The Cabinet of Ministers of Ukraine will set the terms for allocation of cheaper credits.