Resource information
This Law regulates relations concerning ownership, land tenure, and disposal of agricultural land, and also land shares in common property, establishing plenary powers of regional administration and local government in the sphere of turnover of agricultural land. It lays down terms and conditions for allotment of plots of agricultural land pertaining to state and municipal property. Agricultural land shall be used exclusively for agricultural production. Privatization of agricultural land shall start from the date of entry into force of this legislative act. Regional administration shall have preferential terms for purchase of agricultural land in case of sale thereof, except for public sale through auction or tender. Agricultural organizations and peasant farms having agricultural land plots on condition of permanent (open-ended) or hereditary tenancy shall be granted the right of purchase in ownership thereof at the price of three percent of cadastre value of the aforesaid agricultural land plots.
