Ukraine’s Farm Sector has Lost $4.3 billion From War Damage

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(Commodity Update)

Ukraine has suffered $4.3 billion in damage to farmland, machinery and livestock due to Russia’s invasion, according to the Kyiv School of Economics. About half of the “already immense” destruction from the war comes from pollution caused by mines and unharvested crops, according to a report by authors Roman Neyter, Hryhorii Stolnikovych, and Oleg Nivievskyi. Almost a quarter of the total — $926 million — accounts for damage done to farm machinery due to military activity and occupation, they note.

 

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