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.