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Ukrainian farming: untapped potential

 

Ukrainian farming: untapped potential


FT.com - June 27, 2011 9:18 am by Roman Olearchyk
Greg Page, the ceo of Cargill, the US agribusiness group, has become the latest expert to extol the vast potential of Ukrainian agriculture. Speaking to the FT, he said investment was the key.

So, why, 20 years after the country won independence from the Soviet Union, isn't Ukraine doing more to realise this potential, double its harvests and grow rich from the exports?

Is it that Ukraine's farmers somehow don't understand that they need to modernise? No. Even if rural communities lack access to education and world-class equipment, the country has enough agricultural experts to know what to do.

The fault lies squarely with the Ukrainian authorities who consistently dragged their feet on liberalising agricultural and opening it up fully to international trade.

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