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100 AMERICAN FARMERS JOURNEY TO UKRAINE; MULTI-BUSINESS JOINT VENTURE TEACHES UKRAINIAN FARMERS TO USE ADVANCED EQUIPMENT, FARMING TECHNIQUES

 CHICAGO, April 23 /PRNewswire/ -- In an effort to improve agricultural development in Ukraine and promote international goodwill, more than 100 American farmers will depart from O'Hare Airport on Sunday, April 25 for Ukraine to assist Ukrainian farmers with spring planting.
 Participating in Operation Farm Ukraine '93, American farmers will plant seeds and teach Ukrainians to use advanced U.S. agricultural equipment and farming techniques on 500,000 acres (200,000 hectares) of land, on approximately 1,000 farms. For two to three weeks, American farmers will set up and operate state-of-the-art farming equipment, such as sprayers and planters, replacing older equipment and techniques currently used in that country. To insure the program's success, the American agronimists will be stationed in Ukraine through the duration of the project, approximately one year.
 Long referred to as the breadbasket of the U.S.S.R., Ukraine is the second largest republic of the former Soviet Union. Operation Farm Ukraine will help Ukrainians to improve this most important industry -- agriculture -- and subsequently help stabilize the struggling economy of this newly formed independent country.
 United States Ambassador to Ukraine Roman Popadiuk wholeheartedly commends Operation Farm Ukraine '93. "This project will significantly increase corn production yields in Ukraine by supplying the latest American technology in equipment, agricultural products, and training to Ukrainian farms," he said.
 Operation Farm Ukraine '93 is a U.S.A.-Ukraine joint business venture. The project is derived from a four-year agro-industrial sales production agreement concluded in March 1993 between ICI Seeds of West Des Moines, Iowa, a business unit of Zeneca Inc. of Wilmington, Del., and Zemlya and Lyudi, a Ukrainian agricultural firm and designated representative of Ukraine's Ministry of Agriculture. Operation Farm Ukraine is coordinated by the Ukraine-based firm, Trans Agro Services, and the Miami-based Trans-Chemical Corporation.
 The agro-industrial sales production agreement calls for a first year sale of up to $70 million worth of U.S. technology and manufactured agricultural goods, including hybrid corn seeds and agrochemicals from ICI, state-of-the-art planters, sprayers, harvesters and other equipment manufactured by such leading U.S. companies as John Deere, and J I Case. Financing for the transactions was arranged by Citibank New York and guaranteed by U.S. Eximbank.
 Designed to benefit all parties involved, Operation Farm Ukraine will solve not only the problems arising from the shortage of hard currency, but the challenge of bringing Ukrainian farms up to modern standards. Payment for the U.S. agricultural products will be made through crop-sharing barter agreements. Significantly, this major agro- industrial agreement between the United States and Ukraine serves as an important model for future cooperation ventures throughout the former Soviet Union.
 "We hope that this first major project will serve as a model for many other such programs of cooperation between our countries in the future," Ambassador Popadiuk said.
 -0- 4/23/93
 /CONTACT: Marcy Padorr of Jasculca/Terman & Associates, 312-337-7400, for Citibank/
 (CCI)


CO: Citibank ST: New York IN: FIN SU:

AH-SH -- NY034 -- 0024 04/23/93 11:55 EDT
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Date:Apr 23, 1993
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