As of September, the area of agricultural land in Ukraine that was previously subject to the moratorium and has since entered market circulation amounts to 1.159 million hectares.
Dmytro Makarenko, head of Ukraine’s State Service for Geodesy, Cartography and Cadastre, said this in an interview with Mind.
Currently, up to 7% of the agricultural land previously subject to the moratorium is in circulation.
According to Makarenko, the agricultural land market is functioning and performing relatively well. The opening of the market in 2021 triggered a surge in activity, followed by a sharp decline in 2022 due to Russia’s full-scale invasion. After the market stabilised, activity began growing rapidly again following its opening to legal entities. The average price has also increased.
“The average price in 2026 is UAH 69,620,” the head of the StateGeoCadastre said.
He noted that the number of companies owning more than 100 hectares has declined, which he considers a response to current market conditions.
“This trend may be linked both to wartime risks and to logistical problems related to exports and access to markets. Moreover, some regions have been affected by drought and by the situation surrounding the Kakhovka Hydroelectric Power Plant, as the moisture coefficient there has fallen sharply, affecting crop yields, among other things. As a result, businesses are not prepared to take risks. However, looking at the market as a whole, I would not say that it is in decline,” he concluded.
