KYIV, Sept 30 – The rental value of farmland with the opening of the market in October 2020 would grow from UAH 1,700 in 2018 to UAH 4,000 per ha by 2024, according to the government's program posted on the website of the Verkhovna Rada.
"We will cancel the moratorium on the turnover of farmland. As a result, the efficiency and productivity of the use of farmland will grow to 6% per year thanks to increased levels of economic competition. The land market will start operating on October 1, 2020, which, in particular, will lead to growth of rental cost per ha on average in the country from UAH 1,700 in 2018 to UAH 4,000 in 2024," the government said in the document.
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