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June 12 2002, 18:17 APK-Inform

Ukrainian landowners profiting from their arable lands

The APK-Inform reports that the seminar devoted to Ukrainian agrarian policy study listened to the speech of the WB Senior Economist Jen Schuker, who declared without a good system for registered and guaranteed private property Ukraine will not have long term loans and land hypotecary bank.

On the remark about the necessity of efficient and rational use of farmland he commented that very rarely anywhere in the world farmer was punished for inefficient or irrational use of his land.

On the other hand, the WB consultant Serhiy Sotnykov said that increase in farm profits lately took place due to changing the crop rotation patterns leaving profitable crops along and cutting down the unfeasible crops thus bringing about US $50 per hectare in profits in recent years.

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