With three weeks to go for the Rada to receive a farmland market bill, Liga.net posts what it calls the agreed-upon legislative draft. The parameters are: only Ukrainians and Ukrainian companies are to buy farmland; all sales are to be through e-auctions, and sales prices must be made public. Caps on ownership by a person, entity or related parties would be: 35% of farmland in a local community, 15% in a province, and 0.5% on a national level. Since Ukraine has a total agricultural land area of 41.5 million hectares, this last cap would limit one company’s ownership nationwide at 207,000. This would mean that Kernel could only own 39% of the land it currently operates.
With three weeks to go for the Rada to receive a farmland market bill, Liga.net posts what it calls the agreed-upon legislative draft.
