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In the first month of the land market, the average price per Ukrainian hectare was 40,000 UAH

The agricultural land market started working on July 1. Photo: Latifundist

The agricultural land market started working on July 1. Photo: Latifundist

During the period from July 1 to July 30, 2,900 land transactions for agricultural plots were carried out in Ukraine with a total area of 5.32 thousand hectares. The total of all transactions amounted to 210 million UAH. This was reported by the Ministry of Agrarian Policy and Food.

"Only one of 2,000 land owners disposed of it: sold it or donated it. In the first month of the land market, the average price per Ukrainian hectare is 40,000 UAH. Most of the land was purchased in Poltava, Ternopil, and Kirovohrad regions," Minister of Agrarian Policy Roman Leshchenko said.

According to Anatoly Miroshnichenko, First Deputy Head of the State Service for Geodesy, Cartography and Cadastre, the development of a simplified (electronic) access to the land cadastre helped to reduce the tension caused by the requirement for notaries to get access to the land cadastre information to check the restrictions on land acquisition imposed by law. Miroshnichenko assured that in most cases the term for consideration of an application by notaries to gain access to the land cadastre did not exceed one working day.

He clarified that the monitoring showed that there was no excitement in the market for agricultural land plots.

The monitoring also revealed that as of July 1, more than a hundred legal entities and more than a thousand individuals owned more than 100 hectares of agricultural land, many of them—more than 1 thousand hectares. "From July 1, 2021, such a concentration of agricultural land becomes impossible," Miroshnichenko stressed.

According to the Ministry of Agrarian Policy, as of August 2, 3,277 plots were alienated in the country for the purpose of commercial agricultural production and for running a personal peasant farm. The total area of the plots is 5,927 hectares.

Context. The agricultural land market started working on July 1. At the first stage, only citizens of the country will be able to buy and sell land plots. One individual can have at his or her disposal no more than 100 hectares.

The right to acquire agricultural land on January 1, 2024 will be obtained by legal entities established in accordance with the legislation of Ukraine, while the ultimate beneficiary of one or several legal entities will be able to consolidate through them in aggregate no more than 10,000 hectares.

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