President of the Association of Ukrainian Farmers and Agricultural Landowners Ivan Tomich said yesterday that funds will be allocated from the 2008 state budget to refinance loans to agricultural producers, following a meeting with Prime Minister Yulia Tymoshenko, representatives of local banks, and agricultural producers. According to Tomich, agricultural producers reached an agreement with banks to extend the repayment of loans until June 2009. Details of the arrangements have not yet been disclosed; we will continue to follow developments.