The UkrBioLend group of companies issued financial agricultural receipts as a guarantee of the future harvest of organic wheat with OTP Bank, as representatives of the bank informed.
Credit funds were provided only against the security of the future harvest of organic wheat. The company did not give any additional pledges, said Ivan Yerko, head of the OTP Agro Fabrika department.
OTP Bank became one of the credit organizations that financially support companies engaged in organic farming. For this, the project “OTP Agro Factory” was created.
For information, the UkrBioLend group of companies grows organic grains, oilseeds, and legumes. Certified land bank in the Dnipropetrovsk region is more than 5.6 thousand hectares. UkrBioLend is among the leading manufacturers of organic plant products in Ukraine.
The UkrBioLend group includes such companies:
- LLC SZ "Agropolymerdetal",
- LLC Kolos,
- ZPV Sputnik LLC,
- LLC NPP SAD.
The company received an Organic Standard certificate. The main crops that are grown on the farm are: wheat, millet, rye, barley, chickpeas, flax, rapeseed.
The farm uses the techniques of Hatzenbichler, Garford, John Deere, Vaderstad, New Holland and Case IH. The company owns 10 granaries with a capacity of 30 thousand tons of grain.
