Ukraine may retain ban on farmland sales until 2013, Unian says

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Bloomberg | 8 December 2011

By Kateryna Choursina

Ukraine may retain a ban on the sale of farmland until 2013, Unian reported, citing lawmaker Hryhoriy Kaletnyk, head of the parliamentary committee for agriculture and land.

The committee has prepared a draft bill on the farmland market and sees sales from 2013, the Kiev-based news agency said. Lawmakers may vote on the bill today. President Viktor Yanukovych said in April that Ukraine would start farmland sales from Jan. 1 next year.

The sale of agricultural land is now banned in Ukraine, and food production companies lease plots from individual owners. Ukraine has 41.6 million hectares (103 million acres) of agricultural land, according to the Agriculture Ministry data, of which arable land accounts for 32.48 million hectares. About 7 million plots of land are individually owned, according to the Ukrainian Grain Association.

To contact the reporter on this story: Kateryna Choursina in Kiev at [email protected]
To contact the editors responsible for this story: Claudia Carpenter at [email protected]
Original source: Bloomberg
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