In Ukraine from March 1 shall enter into effect a new method of assessing agricultural land

Since March 1, Ukraine introduced a new methodology for normative monetary evaluation of agricultural land that was last year, was developed by Gerigieeeso and approved by the Cabinet of Ministers. This was stated by the Deputy Minister agroprodmach M. Martyniuk.

"this technique introduces new rules for the assessment of land, based on the use of economic indicators in crop production for 2010-2014 that are freely available to all market participants. This will ensure the objectivity and reliability of estimates," he said.

in addition, it will be possible to determine an adequate land value to calculate the correct land payments, and to clarify the data Derzeitiger.

"At the initial stage under the new rules will be an assessment of individual sites, however, next year we plan to do a nationwide regulatory monetary value of land, which was last held 22 years ago," said N. Martyniuk.

Deputy Minister noted that the updating of this information will prevent collusion between users and appraisers of the land to minimize the calculation basis of land payments, which will increase the revenues of local budgets.