Land market: how much light do we see at the end?
In March 2020, the Ukrainian Parliament made a revolutionary step and brought to the end the 20-year long moratorium on agricultural land sales. The Law on Amendments to Legislative Acts on Turnover of Agricultural Land (552-IX) was finally adopted. Ukraine effectively completes the land reform, which transformed the Soviet-era state land into truly private property with all corresponding rights.
In March 2020, the Ukrainian Parliament made a revolutionary step and brought to the end the 20-year long moratorium on agricultural land sales. The Law on Amendments to Legislative Acts on Turnover of Agricultural Land (552-IX) was finally adopted. Ukraine effectively completes the land reform, which transformed the Soviet-era state land into truly private property with all corresponding rights. Despite the importance of this step, we keep hearing voices from both sides of the land reform camp that the adopted law will make no good to Ukraine. To assess if such statements have any justice, we high-light the key features of the law, the benefits and losses to the key stakeholders and steps that remain to be taken to realize the full potential of the agricultural land as a driver of sustainable growth in Ukraine.
