New amendments to bill No. 2178-10 on farmland turnover foresee a postponement of the launch of the land market until July 1, 2021 and restriction of its work in the first two years to transactions only with land parcels owned by natural persons with the largest possible size of land parcels per person being 100 ha, Deputy Head of the Servant of the People parliamentary faction Yevhenia Kravchuk has said.
“The start of the land market is postponed until July 1 of next year. It will start by selling only the land parcels that belong to private owners. That is, it will not concern, at least in the first two years of the land market, state-owned and communal lands,” she said on the Ukraine 24 TV channel on March 27 after a meeting of the Servant of the People faction with the participation of President Volodymyr Zelensky.
According to her, the maximum concentration of land for individuals for the first two years will also be reduced to 100 hectares per person.
“After two years, legal entities will be able to buy, and there the threshold will be as it is now [in the bill] – 10,000 hectares per entity,” Kravchuk said.
The deputy head of the fraction said that this would allow the phased introduction of the land market and seeing how it will work.
“If necessary, we can make changes, but this is a fairly balanced model, and it takes into account the fact that in the coming months we will not have an attractive economic situation. But then, next year, when the land market is already working, it will be such a springboard and will help Ukraine take the economic (leap),” Kravchuk said.
