Farm Finance: War in Europe's breadbasket - take action to protect your business

From an Irish perspective, 27% of maize feed imports originate from Ukraine amounting to a total value of about €73m a year.

A member of the Ukrainian Territorial Defense Forces, the military reserve of the Ukrainian Armes Forces, watches through a spyglass in a trench on the frontline with Russia-backed separatists near Avdiivka, southeastern Ukraine. Photo: Anatolii Stephanov / AFP via Getty Images

The impact of the invasion of Ukraine by Russian forces will result in turmoil, the ripples of which are being felt globally.

Ukraine is Europe’s biggest country apart from Russia, occupying a land area seven times the size of Ireland, at a whopping 603,000 square km. According to the World Bank, 56% of the land base in Ukraine is arable land, compared to just 6.5% in Ireland, 25% in the UK and 33% in France.