scholarly journals Current state of development of agricultural land assessment methods

2021 ◽  
Vol 42 (II) ◽  
pp. 118-126
Author(s):  
Yu. HUBAR ◽  
◽  
V. SAI ◽  
O. HULKO ◽  
A. MARCHENKO ◽  
...  
Keyword(s):  
Land Reform ◽  
Agricultural Land ◽  
Market Price ◽  
Scientific Research ◽  
Economic Assessment ◽  
Statistical Simulation ◽  
Practical Significance ◽  
Soviet Period ◽  
Land Market ◽  
Land Valuation

Purpose of this research is to improve the methods of valuation of agricultural land. Today, the moratorium on the purchase and sale of agricultural land has been lifted and sale of agricultural land is increasingly raised and therefore the problem of establishing an objective (market) price for agricultural land is relevant, because increasing the level of their use is an objective necessity and condition for the gradual development of society [Hubar Yu., 2020]. Methodology. A significant contribution to the study of the theory and methods of land valuation was made by A. S. Danilenko, Yu. F. Dekhtyarenko, Yu. P. Hubar, A. G. Martin, M. G. Stupen, A. M. Tretyak, G. V. Cherevko. Instead, the formation and improvement of methodological bases for the monetary valuation of agricultural land paid attention to G. D. Gutsulyk, D. S. Dobriak, О. S. Dorosh, O. F. Kovalishin. Emphasis was placed on the shortcomings of the economic assessment conducted in the Soviet period I. K. Bystryakov, S. I. Doroguntsov, Hubar Yu. P., A. M. Tretyak, M. A. Hvesyk and others. However, despite the considerable amount of scientific research in which the land was considered a means of production, tools and objects of labor (which in the current environment is insufficient), little studied and debatable are the value of land as a whole system with all its properties. This is due to the fact that agricultural land is mostly assessed differently according to the available dominant indicators (yield, value of gross output). This does not build a hierarchy on the importance of other indicators. The complexity and versatility of the problem of land valuation require the continuation and deepening of scientific research in this area. Results. The study is based on the general principles of economic and mathematical modeling, mathematical statistics, econometrics, basic and applied research. The information base of the research consisted of scientific works of domestic and foreign scientists in the field of real estate appraisal, land and city cadastres, statistics, ecology. The issue of land pricing is complex and multifaceted, the development of the land market depends on its solution. Therefore, further research should be aimed at improving the valuation of agricultural land. This process should be based on state service, taking into account the economic and political situation. This will ensure after the lifting of the moratorium on the disposal of agricultural land, the creation of a competitive environment in the land market, the objectivity of the assessment and increase the flow of funds to the state budget. Scientific novelty and practical significance. The performed researches will allow to improve the quality of determining the market value of agricultural lands for further development of land reform in Ukraine. The most important results of the study are: generalization of scientific provisions for the implementation of land valuation works and methodological approaches to determining the value of agricultural land; highlighting the disadvantages and advantages of modern methods of agricultural land valuation; proving the importance of taking into account environmental factors in the assessment of land arising from the activities of agricultural production; substantiation of the need to assess land plots with a set of physical properties of soils and spatial conditions of their implementation; development of methods for assessing the normative yield of grain crops on the basis of dynamic and statistical simulation modeling and software for its spatial implementation. It is established that the use of market-based prices will allow to make informed management decisions during the implementation of land reform in Ukraine. Individuals and legal entities on the basis of the proposed developments will be able to assess the investment attractiveness of agricultural land.

scholarly journals THE MARKET TURNOVER OF LAND: PROBLEMS AND SOLUTIONS

2021 ◽  
Author(s):  
Irina Godniuk ◽  
Ljudmyla Kushnir
Keyword(s):  
Land Reform ◽  
Agricultural Land ◽  
The State ◽  
Educational Process ◽  
Practical Significance ◽  
Land Market ◽  
Market Regulation ◽  
Problems And Solutions ◽  
Land Relations ◽  
Economic Trends

The purpose of the article is to substantiate the need for comprehensive legislative, organizational and financial support of the market circulation of agricultural lands, as an important factor in the competitive development of the agricultural complex of Ukraine. Research methodology. In the process of research were used: general and special methods of scientific knowledge - in the system of land relations; logical method - to determine socio-economic trends; systematic approach, observation, specification, analogy - to determine the procedure for assessing and market value of land resources and areas for improvement of land legislation. Results of the research. It is proved that the development of land reform would not lead to the land market and attract investment in the country's economy. The buyers of the land would actually be the tenant farmers, who will never give the highest price. The necessity of revision of methods for determining estimates of normative value of land is substantiated, development of the legislative basis for the control over the vicarious lands. In the process, it has been established that the main buyer of the land is a power as the most powerful owner and manager. The country will try to force the state policy and legislate the base can easily be done with a land asset that will trim the majestic incomes to the budget, and by themselves, will save the skin of the bulk of Ukraine. For all, only the will of the people and the bazhanya of pratsyuvati to the land are needed. For the sake of the transfer of the State Land Bank, the regulation of land management in Ukraine, the development of the national infrastructure of geospatial data, and the unified methodology of the normative penny assessment of lands were transferred. Elements of scientific novelty. A systematic substantiation of the ways of further development of land reform in Ukraine has been obtained. Practical significance. The results of the study can be used in the development of legislation on the land market, regulation of market turnover of agricultural land, deepening research, use in the educational process and in the practice of government agencies and agricultural enterprises.

Land Ownership in Ukraine: Reform Issues

2020 ◽  
Vol 11 (4) ◽  
pp. 1175
Author(s):  
Ivan O. KOSTYASHKIN ◽  
Nadiia I. CHUDYK-BILOUSOVA ◽  
Liudmyla S. TARANENKO ◽  
Alla V. ANDRUSHKO ◽  
Natalia M. LOGINOVA
Keyword(s):  
Land Tenure ◽  
Land Reform ◽  
Agricultural Land ◽  
Legal Regulation ◽  
State Regulation ◽  
Market Reform ◽  
Land Market ◽  
The European Union ◽  
Business Entities ◽  
Land Control

At present, the issue of land market reform for Ukraine is extremely urgent, as the state has for over 20 years been operating a moratorium on the alienation of agricultural land. The prudent transition from a moratorium on the alienation of agricultural land to the modern land market is a priority area for land reform. The purpose of the paper is to conduct a scientific analysis of the current state of land market reform in Ukraine, as well as to compare the chosen reform path with the experience of developing the mechanisms of legal regulation of the land market in several European countries. Methods traditional for legal studies in Ukraine were used to achieve this purpose: historical law; comparatively law; formal law. The study found that a moratorium on the sale of agricultural land leads to the existence of a gray land market, which benefits primarily large corporations, and violates the rights of other business entities. State regulation in the EU countries is expressed in limiting the size of land, control over compliance with the change of purpose of land or the absolute prohibition of its change, restrictions on admission to the purchase of land by foreigners, obtaining special permits for the acquisition of agricultural land, etc. To fulfil the potential of the land market and fully protect the rights of landowners, it is important to consider not only the expansion of opportunities for sale but also the lease of land. The experience of the European Union states that the priority way of development of the land market is its development through stimulation of the farming method of land tenure and land use, which contributes to the performance of the social function by the land.

scholarly journals Analysis of the Agricultural Land Market Transactions in Selected Regions of Slovakia in the Years 2007–2016

2018 ◽  
Vol 15 (2) ◽  
pp. 28-37
Author(s):  
Štefan Buday ◽  
Oľga Roháčiková ◽  
Ľubica Rumanovská
Keyword(s):  
Agricultural Land ◽  
Slovak Republic ◽  
Arable Land ◽  
Market Price ◽  
Land Market ◽  
Practice Research ◽  
Factors Affecting ◽  
Environmental Practice ◽  
Total Acreage ◽  
Total Sales

Abstract Despite the fact that the agricultural land market in Slovakia has developed in recent years, the overwhelming part of agricultural land in Slovakia is utilized in the form of rent. Only a small part is managed by the landowners themselves. It is therefore necessary to create mechanisms that would make it easier for both beginners and experienced farmers to acquire land as a basic factor of production. It is also important to create conditions enabling agricultural land to continue to serve its purposes and be acquired by persons who are competent for the management of the land and will manage it in compliance with the criteria of good agricultural and environmental practice. Research and analysis of factors affecting the land market and the rental market with agricultural land will also play an important role in these directions. During the evaluated period 2007–2016, we analyzed 244,374 land plots of agricultural land in twelve districts of the Slovak Republic (hereinafter referred also as SR). In the twelve districts of Slovakia, from 2007 to 2016, the average market price agricultural land without a distinction of size categories showed a fluctuating trend. Higher values of the average market price of agricultural land were recorded in the first years of the reviewed period. The highest value of the average market price was recorded in 2008 and amounted to 2.76 €.m−2. During the monitored period, from 2007 to 2011, the average market price had always values exceeding 1 €.m−2. In the reviewed twelve districts of Slovakia during the monitored period, the sold area of agricultural land represented acreage of 100,574 ha. From this acreage, the largest share (58.41%) scored arable land followed by permanent grassland with a share of 40.92%. Orchards marked the 0.43% share of the total acreage and the smallest share (only 0.23%) of the total sales was represented by vineyards.

scholarly journals PROSPECTS FOR THE DEVELOPMENT OF SMALL AGRICULTURAL ENTERPRISES OF THE REGION IN THE CONTEXT OF LAND MARKET FORMATION

2021 ◽  
pp. 80-86
Author(s):  
Dmytro Nemish ◽  
Mariana Humeniuk ◽  
Ivan Balaniuk ◽  
Diana Shelenko
Keyword(s):  
Land Reform ◽  
Structural Changes ◽  
Agricultural Sector ◽  
Agricultural Land ◽  
Land Market ◽  
Agricultural Enterprises ◽  
Reform Implementation ◽  
Market Formation ◽  
Land Relations ◽  
Logical Method

Purpose. The purpose of the article is to reveal the prospects for the development of small agricultural enterprises in view of the transformation processes taking place in the context of land market formation. Methodology of research. Theoretical and methodological basis of the study were legislative and other regulations, scientific works of domestic and foreign scientists on issues related to the functioning of the land market and the development of small enterprises in the agricultural sector. The following general scientific and special methods were used to achieve this goal: abstract and logical method in the formation of theoretical generalizations, assumptions, conclusions; analysis and synthesis in assessing the development of small agricultural entrepreneurship and the functioning of the land market; comparative analysis to compare economic indicators in time and space; graphic method with a visual reflection of the dynamics and structural changes in the distribution of land by ownership. Findings. The research is devoted to a topical issue concerning the prospects for the development of small agricultural enterprises in the context of land market formation. The article pays special attention to aspects of land reform implementation The social and economic preconditions of transformation of the structure of the land fund by forms of ownership are considered. The main restraining factors of agricultural land market development are highlighted. Measures of state support of small agricultural enterprises in the process of land purchase are revealed. The level of efficiency of the land market since its launch is shown. The main positive aspects and problems related to the formation of the land market are presented. The foreign experience of the influence of the land market functioning on the development of small agricultural enterprises is studied. Originality. The substantiation of the dependence of the development of small agrarian entrepreneurship on the level of development of the land market is deepened. Practical value. The implementation of the developed proposals will allow to intensify the development of small agricultural enterprises in the conditions of the land market functioning. It is established that with the support of the state, small agricultural enterprises will receive obvious advantages of development. Key words: small agrarian enterprise, land market, land, land relations, region, land reform.

scholarly journals THE AGRICULTURAL LAND MARKET IN BULGARIA - FACTORS AND PROSPECTS

2021 ◽  
Author(s):  
Mariya Stanimirova ◽  
Keyword(s):  
Agricultural Land ◽  
Market Price ◽  
European Countries ◽  
Land Market ◽  
Land Rent ◽  
Factors Influencing ◽  
Main Factors ◽  
The Impact

The report analyses the impact of the main factors influencing the market price of land in Bulgaria for the period 2000-2018. As a result of the analysis, it is summarized that the change in the price of land is mainly associated with the change in the land rent paid in the country. The price of agricultural land in the country is significantly lower than in a number of European countries, but this is not the case for the land rent paid, which is close to the European average.

scholarly journals Prospects for the market turnover of agricultural land in Ukraine

2017 ◽  
Vol 15 (2) ◽  
pp. 344-354 ◽  
Author(s):  
Mykola Koroteyev ◽  
Iryna Korman ◽  
Olena Manziy ◽  
Olha Semenda ◽  
Olena Semenda
Keyword(s):  
Land Reform ◽  
Agricultural Land ◽  
Developed Countries ◽  
Economic Consequences ◽  
Land Market ◽  
The Political ◽  
Private Ownership ◽  
Current State ◽  
Land Relations ◽  
The Right

The problems of organizing the functioning of the land market in Ukraine remain unregulated. Gradually, they have moved from the economic plane to the political one, thereby exacerbating social tensions in the society. The current state of land relations requires immediate reforms in terms of granting the right to almost 7 million citizens to dispose of their property. Therefore, the issue of completion of land reform and the introduction of agricultural land market is a responsible step for the state and provides for the development of a set of measures based on the forecast of socio-economic consequences for the whole society. This step may be related to the transfer of land to private ownership, formation of a multi-sectoral economy on the basis of ensuring equal development of various forms of management, ensuring conditions for the efficient and rational use of land. The authors emphasize that the draft laws on land turnover submitted for discussion do not specify the issue of transparency of the possible introduction of a free land market and contradict each other. They do not take into account the international experience of developed countries.

UNDERSTANDING LAND IDLING AS A STRATEGIC BEHAVIOUR: A BRIEF NOTE USING THE REAL OPTIONS APPROACH

2016 ◽  
Vol 14 (5) ◽  
Author(s):  
Haniza Khalid
Keyword(s):  
Real Options ◽  
Real Option ◽  
Agricultural Land ◽  
Market Price ◽  
Land Market ◽  
Market Prices ◽  
Strategic Behaviour ◽  
The Government ◽  
Agricultural Areas ◽  
Current Market Price

One possible explanation for land idling in a rapidly transforming economy can be found by looking at the value of the option to wait and hysteresis behaviour in the land market. If investors assume that the drop is temporary and that its long term prospects outweigh current holding losses, the market will observe some form of a zone of inactivity i.e., no selling and no additional buying. The fact that landowners elect to keep their valuable land underdeveloped for prolonged periods of time suggests that idled land is more flexible and valuable than what the current market price suggests. If the revenue from farming is insufficient to sustain the activity, land is left idle; although this operational decision is open to continuous revision. The numerical example shown in the paper shows that price of land can be substantially bolstered by the option to wait embedded in land. We argue that land market prices are based on more than the land’s total present value of its future income stream. In a transforming economy, the option to wait and change land-use are especially important to consider. Policy-wise, the government can discourage land idling by ensuring appropriate and suitable zoning of agricultural areas, strong adherence to the zoning conditions/plans as well as more far-sighted land conversion decisions. These efforts can go a long way to reduce the source and degree of uncertainty which is the most important cause of real option premium in land prices. Based on the nature and type of data available, future directions of research should emphasize on empirical testing of real options premium in sale prices of agricultural land.

Legal Aspects of the Opening of Ukraine’s Land Markets

2020 ◽  
Vol 50 (3) ◽  
pp. 279-287
Author(s):  
Nataliia S. Kuznietsova ◽  
Natalia M. Onishchenko ◽  
Oleksii O. Kot
Keyword(s):  
Land Reform ◽  
Agricultural Land ◽  
Legal Aspects ◽  
Land Market ◽  
The European Union ◽  
Public Land Management ◽  
Investment Capital ◽  
Basic Approaches ◽  
Definition Of ◽  
The Right

Creating a land market is one of the most debated and politicised issues of Ukraine’s environmental and agricultural policy. There is an urgent need to examine the following issues (among others): a) identifying priority measures for establishing the land market; b) studying the experience of public land management so as to further adapt the land legislation of Ukraine to the requirements of the European Union; and c) maintaining the domestic agrarian sector in the context of effective conservation of the State’s land resources. The purpose of this paper is to conduct a comprehensive analysis of the preconditions and realities of opening up the agricultural land market in Ukraine, including to formulate sound conclusions on the practical consequences of such reforms for domestic landowners. It was researched applying two basic approaches to scientific cognition – general scientific methods and special legal methods. It elaborates the conditions for the introduction of a land market in Ukraine; analyses the historical prerequisites for the implementation of land reform; identifies the main risks for landowners that come into play with the opening of the land market; and formulates further directions of improvement of relevant legal regulations and mechanisms. Noting that currently Ukrainians have the least amount of investment capital and extremely limited access to loans, it concludes that, under current legislation, without a clear definition of the right to purchase their own land, the holders of private farms and other small farmers will struggle to gain access to the Ukrainian land market.

scholarly journals SPECIFIC FEATURES OF REGULATING AGRICULTURAL LAND MARKET

2019 ◽  
pp. 51-62
Author(s):  
L.V. Moldavan
Keyword(s):  
Rural Areas ◽  
Land Reform ◽  
Agricultural Land ◽  
Land Market ◽  
Past Century ◽  
Rural Settlements ◽  
Land Reforms ◽  
Foreign Companies ◽  
Land Relations ◽  
Market Management

Based on the analysis of land reforms that have taken place in world practice over the past century, the author proves that the market turnover of agricultural land is formed under the influence of two determined factors. On the one hand, it is the specific features of agricultural land, which is an indispensable strategic resource for food producers, is limited in space, irreproducible and cannot be a product in its classical meaning. On the other hand, land is the basis of agricultural production. However, agriculture performs not only an economic function, but also a social (national food independence, rural employment, population of rural settlements, and arrangement of rural areas) and environmental functions (protecting soils from pollution and degradation, supporting local agrolandscapes, etc.). In this context, the need for specific approaches to the market distribution of agricultural land is justified. Author analyzes foreign practice of the legislative regulation of agricultural land turnover with due regard to their economic and socio-ecological orientation. Also revealed are the consequences of the incompleteness of land reform in Ukraine, which are caused by the lack of definition of the requirements for land users, restrictions on land use, access to agricultural land for foreign companies, land market management and other aspects of land relations, and ways are proposed to address them.

scholarly journals Land Transformations in Ukraine: Problems and Expectations

2019 ◽  
Vol 19(34) (3) ◽  
pp. 23-34
Author(s):  
Yuriy Hubeni ◽  
Volodymyr Krupa
Keyword(s):  
Rural Areas ◽  
Land Reform ◽  
Rational Expectations ◽  
Agricultural Land ◽  
Local Level ◽  
General Characteristic ◽  
Information Support ◽  
Land Market ◽  
High Level ◽  
Land Sale

The analysis of urgent problems of land relations transformation and of forming agricultural land market in Ukraine is carried out in the article. The general characteristic of main reform stages is given. The reasons of lasting action of the moratorium on agricultural land sale-purchase being the chief obstacle for complete market development are defined. Supporters' and opponents' arguments about moratorium canceling, population estimation of advantages and threats of land circulation are described. The results of the research project "Farmers' land expectation" made by the authors are given. The project purpose was studying population rational expectations concerning the directions of further land reform development and its results. The research was conducted on the local level in rural surrounding, which is characterized by high competition level among agrarian business subjects at agricultural land lease market. Landowners' and other interested group people' opinions concerning lease cost, potential sale price, inclination towards land sale, possibilities of farmers' common farming on their own land, leaseholders' participation in social and economic development of rural areas are examined. High level of farmers' uncertainty about land market indicators because of knowledge lack and low level of land reform information support is established.

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