An interesting initiative from the Ukrainian government; tax-free farm ventures on land leases from the State. By comparison, all farm ventures over 2 Ha in Georgia must pay income tax, be they on freehold land or state land.

wagetech123

Ukraine, already one of the world’s top producers and exporters of grain, is floating a bold plan to boost domestic harvests by offering to lease out millions of hectares of unused, government-owned farm land.

Billed by authorities in Kiev as Ukraine’s response to rising concerns over global food security, the project could lure in billions of dollars in investments, helping Ukraine achieve its much-hyped goal of harvesting more from its famously-rich black earth by doubling yields and annual crop volumes.

Mykola Prysyazhnyuk, Ukraine’s agriculture minister, told beyondbrics that, this year and next, investors would be offered 50-year leases, tax free status and unlimited export rights for crops farmed on 2m to 4m hectares of arable land not currently being used.

If the pilot project proves successful, the country could offer more land in future.

“Our nation today has about 10m hectares of land” which is not being farmed at…

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