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Agrarian Ministry makes known its farmland market concept main features
30.08.2018 23:06 "Agro Perspectiva" (Kyiv) —
As of this week, the Ukrainian Ministry of Agrarian Policy and Food has put forward a domestic farmland market concept, stipulating that only Ukrainian citizens are able to buy farmland, Interfax-Ukraine says referring the Ministry report.
As to the report, the basic provisions of the concept also determine the maximum size of farmland which can be owned by one person and anti-speculative mechanisms (the collection of a State duty) in case of resale of a land parcel within the first three years.
Besides, the document also provides that current users are guaranteed the preservation of their land bank in case of a change of the owner of the land.
Besides, the concept also introduces price benchmarks for the land parcels within the first two years after the domestic land sale moratorium cancelling at a level no lower than the monetary valuation cost.
It is to be admitted, the document creates preferential conditions for the purchase of land by the domestic agricultural market small players, primarily by farms (in particular, through a mechanism for partial loan guarantees).
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