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Since Ukraine’s new farm land market started on July 1, 5,552 sales agreements have been approved.

The average price is $1,500 per hectare. “Everything is working normally, without conflicts,” Prime Minister Shmygal told the Cabinet yesterday. Until the end of 2023, sales can only between Ukrainian individuals for a maximum of 100 hectares. Starting in 2024 Ukrainian companies can participate, buying up to 10,000 hectares. A national referendum is to decide if foreigners and foreign companies can participate in the market.

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