Starting from 2021, every citizen of Ukraine has been granted the opportunity to purchase agricultural land plots. This decision was made by the Ukrainian government in order to stimulate the development of the country’s agricultural sector and provide equal access to land ownership for all citizens.
For many years, the issue of land ownership in Ukraine has been a sensitive topic. The country’s land market has been closed for decades, with only a few exceptions for small private plots. This has led to a lack of investment in the agricultural sector and limited opportunities for farmers to expand their operations.
However, with the new law in place, Ukrainian citizens can now freely buy and sell agricultural land plots. This is a historic moment for the country, as it marks the end of the Soviet-era ban on private land ownership.
The decision to open up the land market was met with mixed reactions from the public. Some feared that it would lead to the concentration of land in the hands of a few wealthy individuals, while others saw it as a chance for small farmers to finally own their own land and improve their livelihoods.
To address these concerns, the government has implemented certain restrictions on land ownership. Foreigners and companies with foreign ownership are still not allowed to purchase agricultural land in Ukraine. This measure aims to protect the country’s land resources and prevent large-scale land grabs by foreign investors.
Additionally, there is a limit on the maximum amount of land that one person can own – 100 hectares for individuals and 10,000 hectares for legal entities. This ensures that the land remains accessible to a wide range of citizens and prevents monopolization.
The new law also includes measures to protect the rights of current land users. If a land plot is being used by a farmer, they have the first right of refusal to purchase it. This means that they have the opportunity to buy the land at a preferential price before it is put on the open market.
Moreover, the government has set a minimum price for agricultural land, which is determined by its fertility and location. This measure aims to prevent the sale of land at unfairly low prices and protect the interests of both buyers and sellers.
The opening of the land market has already shown positive results. According to the State Service of Ukraine for Geodesy, Cartography and Cadastre, over 1.5 million citizens have already registered to purchase land plots. This shows the high demand for land ownership among Ukrainians.
The new law has also attracted the attention of foreign investors, who see the potential for growth in Ukraine’s agricultural sector. This will bring much-needed investment and modern technologies to the country, which will help increase productivity and competitiveness in the global market.
Moreover, the opening of the land market will have a positive impact on the country’s economy. It is estimated that the agricultural sector will contribute an additional 1% to the country’s GDP growth in the next few years. This will create new jobs and improve the living standards of rural communities.
In addition, the new law will also have a positive social impact. It will give small farmers the opportunity to own their own land and improve their livelihoods. This will also help to reduce rural poverty and stimulate the development of rural areas.
Overall, the decision to open up the land market in Ukraine has been a long-awaited and necessary step towards the country’s economic and social development. It provides equal opportunities for all citizens to own land and promotes the growth of the agricultural sector. With proper implementation and regulation, this new law has the potential to bring positive changes to the country’s economy and society.
