In the first ten months of the “Land Bank” project, agricultural producers paid over 1.008 billion hryvnias in VAT to the state budget for the lease of state agricultural lands.
This is reported by Business • Media
“This result exceeded our initial expectations,” said the CEO of the “State Land Bank,” Yaroslav Yaroslavsky.
Project Implementation Results
Since the launch of the “Land Bank,” farmers have signed 720 lease agreements. The average annual sublease payment is 19,500 hryvnias per hectare. More than 4,000 applicants participated in the land distribution auctions. A total of 66,442 hectares of state land were put up for auction in 19 regions of the country. Of these, more than 51,731 hectares have already been transferred to farmers for use.
Main Participants and Leaders in Revenue
The key participants in the “Land Bank” are small and medium-sized agricultural enterprises, which make up 86.8% of the total number of tenants. Already, 160 companies have begun harvesting their first crops on the leased plots.
The largest amounts to the state budget came from farmers in Kirovohrad region — 235.4 million hryvnias (46 agreements), Kharkiv region — 214.3 million hryvnias (233 agreements), and Poltava region — 105.7 million hryvnias (24 agreements).
As of August 4, there were still 752 land plots available for lease, covering a total area of over 11,290 hectares.