Lease of farm land in Ukraine in 2011
MyLand - 03/10/2011:
State Agency of Ukraine on Land Resources reported today that this year land owners in rural areas of Ukraine have concluded 4.6 million contracts for lease of farm land (land shares). The total area of leased out land made up 17.3 million ha. The average rent is UAH 338.5 per ha (USD 42.3). Contracts are ranged by the rate of rent as follows:
- uo to 1.5% of normative value of land - 223.4 thousand contracts;
- from 1.5 to 3% 1.6 million contracts;
- 3 and more per cent - 2.8 million.
The total sum of rent due is UAH 5.9 billion. The ways of payment are dominated by payments in kind accounting for 65.5% of all payments.
As of today land owners have alreday collected UAH 3.4 billion (57.7%) out of the sum due.
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