UkrLandFarming reduced landbank by 5.8%

UkrLandFarming, one of the biggest agroholdings in Ukraine, reduced its landbank by 5.8% to 570 thou. ha.

In the interview for Interfax-Ukraine Oleg Bakhmatyuk, owner of UkrLandFarming (ULF) and Avangardco, informs that the landbank reduces in natural and unnatural ways.

"We objectively refuse some land plots, while others are in a tough competition. This is a leasing market, not a land market. I have 220 thou. contracts and 500 people who work with them every day. The rent recently increased 2.5 times on average in Ukraine", says Oleg Bakhmatyuk.

According to the raiting TOP-100 Latifundists of Ukraine, UkrLandFarming now holds the second position, having given way to Kernel.