LOKHVYTSIA (Poltava region), Aug. 10 – Ukraine is planning to raise over $1 billion worth of foreign loans under state guarantee to develop farm-servicing cooperatives so that they can buy equipment for grain storage and the collection and processing of milk, Prime Minister Yulia Tymoshenko said.

"The overall amount of investment for farm cooperatives will total over $1 billion," she said at a press conference in Poltava region on Monday.