15:41 09.12.2014

Cabinet to submit law on long-term leasing of farmland

2 min read
Cabinet to submit law on long-term leasing of farmland

The discussion on the farmland market in Ukraine continues, and the government will only submit a draft law on its long-term leasing to the parliament, Ukrainian Prime Minister Arseniy Yatseniuk said at cabinet meeting on Tuesday.

"We set a task to draw up a law on the land market, and the key tasks are the adoption of the law on long-term land leasing and finally the completion of the formation of the state land cadastre which today has been formed only by 5%," the premier said.

Yatseniuk said that large agricultural companies are competitive, as the government has a top-priority to protect small and medium-sized business in rural areas. The government initiates the approval of a draft law on local agricultural markets.

Commenting on the state management system in the agricultural industry, he said that it is planned to radically reshuffle managers and change approaches to management in State Food-Grain Corporation of Ukraine and public joint-stock company Agrarian Fund. The government wants to achieve the adoption of the law on state material reserve.

The premier also pointed at the importance of active promotion of Ukrainian agricultural products to external markets and the switch to supply of finished products, not raw materials.

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