Experts outline the EU’s fears: Ukraine can potentially turn the agricultural market in European countries upside down.

Wednesday, May 22, 2024
Experts outline the EU’s fears: Ukraine can potentially turn the agricultural market in European countries upside down.

Agricultural expert and a founder of Zeminvest Oleksandr Chornyi emphasized that Ukraine has extraordinary agrarian assets that places it among global leaders.

“Ukraine ranks sixth in the world in terms of the amount of arable land, fourth in the amount of black soil. Europeans fear we can potentially turn the EU agricultural market upside down”.

The expert drew attention to the fact that, for the first time since the opening of the land market in July 2021, the volume of real estate sales decreased compared to that of agricultural land sales. In the future, this asset will gain popularity among investors in Ukraine and around the world.

Chornyi predicts that within 2-4 years after the end of the war, the value of agricultural land in Ukraine will increase from an average of $1,000 to $3,000 per hectare. Therefore, the market capacity will increase from $37B to $75B.

 

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