Reformation of the land market in Ukraine: financial and economic, social and political aspects

Abstract

Purpose. The aim of the article is to research the theoretical and practical aspects of the current state and prospects of development and regulation of the agricultural land market in Ukraine. Methodology of research. The methodological basis of the study is the dialectical method of scientific knowledge. General scientific and special methods are used in the course of the research, namely deductive, abstract and logical – in the study of problems of the agricultural land market in Ukraine, in assessing the current state of its functioning. Findings. The importance of the Ukrainian land as the main national wealth of the Ukrainian people is proved. Aspects of functioning of the land market in Ukraine at the present stage are described. The risks of launching the land market in times of war and imperfect legislation are considered. The expediency of sale of land to legal entities and concentration of one natural person not more than 200 hectares is substantiated; if business needs more than 200 hectares of land, then it is worth creating cooperatives and more citizens or families will be able to make a profit from joint business. A special mechanism for taxation of agricultural land sales is proposed. The expediency of free sale of land in Ukraine till 2025 is proved. It is substantiated that a tax equivalent to at least five thousand euros per hectare will provide significant revenue to the budget, prevent large-scale speculation in the land market, ensure high value of land and make it possible to use it as the expensive collateral for the purchase of agricultural machinery. Originality. It is established that the free sale of agricultural land in Ukraine to legal entities and individuals is ineffective, and it is advisable to sell only to the state and local communities. It is proved that the increase in the value of agricultural land in Ukraine and the reduction of possible speculation on the land market will be positively influenced by the taxation of land sales operations. Practical value. The obtained results of the study, which are expressed in the conclusions and proposals, contribute to solving problems of ensuring the effective functioning of the agricultural land market in Ukraine. Key words: land; land market; land price; agricultural land; taxation.