How Much to Pay for the Translation of Agricultural Lands: The Project Presented for Discussion

Владислав Вислоцкий Economy
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A draft resolution of the Cabinet of Ministers has been submitted for discussion, which concerns new standards for compensating losses in agriculture.

According to the provided data, this initiative was prepared by the State Agency for Land Resources, Cadastre, Geodesy, and Cartography. The aim is to adapt subordinate legislation to the new Land Code.

Within the framework of the document, it is proposed to approve the following provisions:


The draft implies that the funds received as compensation will be directed towards the development of new lands, land reclamation, improving soil fertility, as well as project and survey work.

A separate item describes the procedure for calculating lost profits. In particular, the following compensation is proposed:


The amount of compensation will be calculated using a coefficient of 99. In cases where land is provided for subsoil use, the duration of the license or its extension, as specified in the permitting documents, will be used instead of the coefficient.

In addition, a mechanism for monitoring revenues to the republican and local budgets during the transfer of land or its use for subsoil use is provided.
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