Since the land market opened, only 3% of the total available agricultural land has been bought or sold; agribusinesses are reducing their land holdings.

Since the market opened in July 2021, roughly 3% of Ukraine’s agricultural land has changed hands, averaging about 1% per year. The price of land has risen from ₴34,000 to ₴54,000 per hectare, and after the war, this growth is expected to accelerate, with costs potentially increasing by 100-200%, according to Deputy Minister of Agrarian Policy Taras Vysotsky.

In comparison, the annual land turnover in the EU is typically between 2-3%. Analysts indicate that large landholding companies have reduced their land holdings by 8,225 hectares each year. The number of businesses owning more than 100 hectares has decreased by 66 companies; from the 283 such companies at the beginning of 2024, now only 217 remain. Currently, the largest landholding belong to Svitanok, with over 5,000 hectares, and Druzhkivske Rudoupravlinnya, with 3,300 hectares. Completing the top three is Zernyatko-Pivden, which owns 2,700 hectares.

As of January 2024, the land market has been open for business, but rather than seeing a surge in purchases, companies are selling land.