U.S. Launches Programs To Boost Ukraine's Farm Sector

The US has announced three new partnerships as an effort to boost Ukraine’s agricultural sector and help supply the country’s grain to the world, USAID officials told Kylie Atwood of CNN.

Photo Insert: The announcement is part of a deliberate effort by the Biden administration to build up Ukraine’s economy and alleviate the global food security crisis which has been exacerbated following Russia’s invasion of Ukraine.

The announcement is part of a deliberate effort by the Biden administration to build up Ukraine’s economy and alleviate the global food security crisis which has been exacerbated following Russia’s invasion of Ukraine.

Ukraine is regarded as a key bread basket for much of the world, and the country relies on agriculture to generate more than 40% of total export revenues.

The country’s economy shrank by more than 30% in 2022 after Russia’s brutal invasion destroyed infrastructure, hurt businesses, and disrupted daily life, according to Kyiv’s economic ministry.

USAID’s new partnerships with Grain Alliance, Kernel, and Nibulon are projected to increase Ukraine’s grain shipping capacity by more than 3 million tons annually, the officials said. Each company has a long history of working in Ukraine.

Working together USAID and these organizations are planning to invest $44 million to support storage and infrastructure expansion in Ukraine’s agriculture sector.

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