The Ukrainian agricultural sector suffered more than $80 billion in direct damages and losses

The Ukrainian agricultural sector suffered more than 80 billion dollars in direct damages and losses as a result of Russian aggression.

As of December 31, 2023, the agricultural sector of Ukraine has suffered more than $80 billion in direct losses and losses due to the war, «Інтерфакс-Україна». Interfax-Ukraine reports.

According to the Center for Food and Land Use Research (KSE Agrocenter) of the Kyiv School of Economics (KSE), the value of destroyed assets reached $10.3 billion, which is 18% more than was estimated in April 2023.

The most loss-making category is agricultural machinery – $5.8 billion was damaged and destroyed. 181,000 units were partially or completely damaged.

Losses from the theft or destruction of already produced products were estimated at $1.97 billion. Losses due to damage to granaries – $1.8 billion, losses to perennial crops – $398 million, animal husbandry – $254 million, aquaculture and fishing – $35 million.

Losses, which include lost income for agricultural producers and increased production costs, more than doubled (compared to the previous review) and amounted to $69.8 billion.

Analysts have estimated the total needs for reconstruction and restoration over the next 10 years at $56 billion.

We will remind you that Russia destroyed more than 11 million tons of elevator capacity of Ukraine.

As previously reported by USM, the United States Agency for International Development (USAID) will provide up to UAH 270 million in co-financing for the development of Ukrainian elevator capacities.