Agrarian Economy 2022 Т. 15 № 3-4: 30-37

Pperformance of the agricultural land market in the context of decentralization

I. Balaniuk, Doctor of Economic Sciences, Professor
ORCID ID: 0000-0002-8320-6383
T. Ivaniuk, PhD student
ORCID ID: 0000-0003-4601-1226
Vasyl Stefanyk Precarpathian National University

https://doi.org/10.31734/agrarecon2022.03-04.030

ANNOTATION

The article is aimed to study the issues related to performance of the land market, which is an important tool for the land relations development in decentralization conditions. It is determined that the land market should be understood as a means of distributing land between owners and users by economic methods on the basis of competitive demand and supply, which includes: purchase and sale, lease, mortgage, etc. of land plots or rights to them; determining the value of land and recognizing it as capital and property; distribution of space between competing land use options and market entities. It is noted that lease is the main form of the land market performance in Ukraine.

It has been proved that in order to support small and medium-sized economic entities engaged in agriculture, the state policy should be aimed at: introducing a mortgage mechanism for regulating land relations; provision of preferential loans and subsidies to legal entities; stimulating development of the cooperative sector of the agrarian economy; optimization of notary services.

It is highlighted that insufficient importance has been given to territorial communities in the process of distribution and redistribution of land ownership rights. It is established that admission of small and medium-sized agricultural producers to funding and introduction of a rational economic circulation of agricultural land will create the following advantages: the growth of the state's Gross Domestic Product due to the transactions of land purchase and sale, which in turn will expand the number of commodity producers; prevention of raiding, because not all agricultural producers have truthfully disclosed data on their own assets; restriction of monopoly, since the current legislation limits the land sale to the same hands; land user's focus on purposeful and rational use of land, its protection; the emergence of healthy competition, as establishment of new prices stimulates its emergence; increasing the flow of investments.

KEY WORDS

land market, land relations, territorial communities, decentralization, land resources, rent

FULL TEXT

LINK

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