Businesses have entered the land market, buying 68 plots.

Since the beginning of the year, when the second stage of land market reform began, legal entities have already purchased 68 plots, the Ministry of Agricultural Policy reported.

We note that that the new stage of the land reform allows legal entities to buy land. Previously, only “natural persons” had this right. In addition, the limits of land “in the same hands” have increased for both categories – from 100 hectares to 10,000 hectares.

As of January 18, commercial entities bought 68 plots with a total area of 216 hectares. The average size of the purchased plots is 3.2 hectares.

In Ukraine, plots are generally small, and the average size is up to 10 hectares. Businesses buy land mainly from individuals who bought it during the previous stage of the reform (secondary sale) – 59 plots changed hands in this way. Primary sales are not so popular at the moment.

Since July 1, 2021, the moratorium on sale for more than 20 million hectares of agricultural land has been removed. Currently, only about 1% of all agricultural land in Ukraine is in circulation.