Lease of land shares in Ukraine during 9 months of 2011
MyLand - 04/11/2011:
According to the State Agency of Ukraine on Land Resources, within 9 months of 2011 owners of land shares (pai) concluded over 4.61 million contracts for lease. The aggregate rent amounted to UAH 5.7 billion (USD 0.71 billion). The average yearly rent made up UAH 338.5 per ha. The rent is mostly paid in kind (65%), agricultural output is used by tenants to pay for utilization of land.
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