Since the launch of the «Land Bank» project in October 2024, Ukraine has leased state agricultural lands worth 584.9 million UAH (14.2 million USD), according to the Ministry of Economy of Ukraine.

A total of 20,521 hectares have been leased.

What you need to know about the “Land Bank” project

The «Land Bank» project allows Ukrainian farmers to lease agricultural plots managed by state agricultural enterprises through online auctions on the «Prozorro. Sales» digital platform.

On average, seven participants compete for each lot, which increases the overall sublease value eightfold, as noted by Ukraine's First Deputy Prime Minister Yulia Svyrydenko.

«This is a prime example of a new quality of public asset management, where land works for the economy and creates opportunities for the agribusiness sector nationwide,» Svyrydenko stated.

69.1% of the auction winners within the «Land Bank» are representatives of small and medium-sized agribusiness. Among the sublessees are those who have signed over 20 sublease agreements and are actively cultivating these lands, mentioned Yaroslav Yaroslavskyi, CEO of the State Land Bank.

Results of the “Land Bank” project

Since October 1, 2024, there have been 506 online auctions for the sublease of state agricultural lands in the «Prozorro. Sales» system, covering a total area of 35,235 hectares across 17 regions of Ukraine.

As a result of 271 auctions, sublease agreements were signed for plots totaling 20,521 hectares.

The highest competition among participants was recorded in the Vinnytsia region - an average of 22 bidders per lot. The Poltava and Cherkasy regions followed with an average of 14 participants per lot.

Among the concluded contracts, the highest average price per hectare was in Ivano-Frankivsk region - 47,500 UAH, while the lowest was in Transcarpathia - 3,496 UAH per hectare.

«In just the first six months of operation, the “Land Bank” has become a leader in attracting funds among all organizers of land auctions on the “Prozorro. Sales” platform since autumn 2021,» stated Serhiy But, CEO of «Prozorro. Sales».

As of April 3, there are 394 land plots available for sublease in the «Prozorro. Sales» system, covering nearly 12,000 hectares.

Among the available lots is the largest asset of the first pool of the «Land Bank» - a plot of 3,969 hectares in Kirovohrad region with a starting price of 13.7 million UAH.

The smallest plot, measuring 0.03 hectares, is located in Transcarpathia.