Photo from UNIAN
Economist of the Independent Macroeconomic Forecasts Group (Ukraine) Grigory Kukuruza says the model of land reform developed by Ukraine's Cabinet of Ministers will allow small- and medium-sized farmers to participate in bidding for plots of land on favorable terms and avoid competition with large agri-businesses, according to Radio Era.
"Legal entities and foreigners will not have access to the land market. Accordingly, small- and medium-sized farmers will be able to buy out land assets on more appropriate terms," he said.
Kukuruza also noted that the formation of full-scale ownership of land would stop negative trends observed in agriculture, in particular, soil retrogression and degradation through due to an exhaustive use of land.
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The expert says such conditions do not create incentives to keep the soil in good condition or invest in it. Yet, ownership of land will induce a more sustainable attitude towards it. Thus, not only farmers but also the Ukrainian agribusiness sector, in general, will benefit if the moratorium on land sales is lifted.