In a small step forward for a farm land market

In a small step forward for a farm land market, by August, the government will start auctioning leases on state-owned land through ProZorro.Sale, the online line government procurement platform. “This is the first step to show that land market in Ukraine can be transparent, efficient, of high quality and that these assets can work for the people of Ukraine,” Maxim Nefyodov, first deputy minister of Economic Development and Trade, told reporters Monday. With a free market setting land lease prices, land owners will get a better idea of rent prices.