AGRICULTURAL LANDS MARKET IN FOREIGHM COUNTRIES AND IN UKRAINE: THE PROBLEMS OF PRICES AND OF INSTITUTIONAL ENVIRONMENT

To this day, the ongoing land reform has not yet ensured the formation of an effective market of land shares (shares) in our state. In this regard, the article examined the foreign experience of countries with a civilized market economy, in particular agricultural lands, which occupy a significant part of the country in Ukraine. For this purpose, the main factors influencing the value of agricultural land, namely, comparative productivity and value of agricultural land, are considered. A comparative estimation of the value of arable land in Ukraine was made on the basis of the normative monetary valuation and market value. In addition, to study the trends of changes in the value of agricultural land in Ukraine, we will use the analysis of prices for the lands under buildings. It was discovered that the lack of a full system of guaranteeing land ownership rights and the lack of appropriate subsidies for the development of agricultural land use and rural infrastructure contributes to a reduction in the market value of land. It is also confirmed that sales prices in well-developed markets are roughly equal to the magnitude of capitalization of the economic return on land lease. It was established that the fundamental reason for the underdevelopment of the market of land parcels of land parcels owners is the imperfect institutional environment, in particular, the system of land rights guarantee, the system of land management and land management (the study will be carried out in the following article), the cadastre and land tenure system, the lease system relations, poor infrastructure of value added in agriculture as a whole