Almost 36,000 hectares of agricultural land have been sold in Ukraine.

As of September 13, Ukraine registered 15,533 agreements on the purchase and sale of agricultural land (Ukrinform). According to the Ministry, 4,943 notaries submitted applications for access to the State Land Cadastre. The largest areas of farmland sold were in the Kropyvnytskyi region (4,930.9 hectares), the Kharkiv region (4,236 hectares), and the Poltava region (3,599.5 hectares).

The market starts with limits – sales are only permitted between Ukrainians for areas less than 100 hectares.

The Economy Ministry estimates that the average price of a hectare will be around $2,000. On January 1, 2024, the market will expand to Ukrainian-owned companies and the size limit will increase to 10,000 hectares. Allowing foreigners to buy Ukrainian farmland is only to be decided by a national referendum. At present, polls indicate that Ukrainians are opposed to the sale of land to foreigners.

The start of a limited farmland market on July 1 should boost Ukrainian harvest yields

, Bloomberg reports in a story: Ukraine will introduce long-awaited land reforms next month just as food prices rise to the highest in almost a decade. Harvest yields for corn, Ukraine’s largest crop, are one third below US levels. Starting July 1, Ukrainian individuals will be able to buy and sell up to 100 hectares a year. Trade by corporations is expected to be allowed in coming years. Public opinion polls indicate low support for farmland sales to foreigners, a step that is