Analysis of the structure and fertility of agricultural land in western Ukraine and its monetary assessment

Abstract

An important sector of the Ukrainian economy is agriculture, which is based on the fertility of agricultural land, in particular, the land of the western region of Ukraine. Analysis of the structure, fertility of agricultural land, and its monetary valuation can provide insight into its productivity and potential for agricultural development. The purpose of the study is to analyse the structure and fertility indicators of agricultural land in the west of Ukraine, demonstrate their main characteristics, and compare land prices in the western regions of Ukraine. In the study, the materials of the land directory of Ukraine and regional reports on the state of the environment of the west of Ukraine were used, involving analysis and comparison of the state of land resources by the content of humus, mobile compounds of phosphorus and potassium, easily hydrolysed nitrogen, their material and monetary assessment. After analysing the structure of the land fund of the west of Ukraine (13125.5 thousand hectares), it was identified that agricultural land accounts for more than half of the total area (56.1%), and forests and other wooded zones – about a third of the total area (32.8%). Built-up land, open wetlands, open land without vegetation cover or with little vegetation cover, and other land account for less than 10%. Among agricultural land, the largest share is arable land, a little less is hayfields and pastures, and the least is perennial plantations and fallows. The total value of agricultural land in the western administrative regions is markedly different. The highest land value is in Khmelnytskyi and Ternopil regions (1.71 and 1.09 billion USD), and the smallest – in Ivano-Frankivsk and Zakarpattia (489.90 and 317.21 million USD). 1420223 shares were leased on the territory of western Ukraine. The largest number of them was leased in Khmelnitsky and Ternopil regions (25.2 and 20.7%), and the smallest – in Zakarpattia (1.0%). Thus, the total area of land cultivated by farmers is 330.8 thousand hectares, the largest in the Ternopil and Khmelnytskyi regions (23.3 and 22.7%). The findings of the study will contribute to the adoption of managerial decisions on conducting efficient agriculture and the preservation of soil fertility of agricultural lands in the region under study. Monetary assessment of these territories is useful for the country’s population in the context of changes in the law on the land market in Ukraine, and in the implementation of an environmentally balanced agricultural policy