Ukraine farms over 40 million hectares of some of the world's most productive soils, and its land market — closed for two decades — has been opening in stages: to individuals since July 2021, to Ukrainian legal entities since January 2024. Transaction volumes grow year on year, and every acquisition, collateral package and financial statement now needs a defensible market value per hectare.
Kanzas values agricultural land and farm enterprises across Ukraine for domestic and international clients on an IVS-consistent basis, with English-language reports. Field inspection is carried out through our regional representatives across the country.
When You Need a Farmland Valuation
- acquisition or disposal of land plots or whole farming enterprises;
- collateral — Ukrainian banks actively lend against farmland and agricultural assets;
- IFRS financial reporting — land and lease assets of agriholdings;
- contribution in kind to the capital of an agricultural company;
- corporate transactions — farm enterprises valued as going concerns, including their land banks;
- disputes and inheritance matters.
What Drives the Price per Hectare
Region alone explains little. Soil quality and bonitet grade, field size and configuration, irrigation, logistics — distance to elevators, highways and ports — and the encumbrance profile all move the number: a plot leased out for ten years ahead is a rental income stream, not land available for cultivation, and is priced accordingly. The war years added a security dimension — demining status and proximity to the combat zone are reflected in the report explicitly and objectively. Specific price levels are evidenced in each report from actual transactions in the relevant region, drawing on the open data of the State Land Cadastre.
Land, Land Bank or Farm: Framing the Engagement
An important structural note for international clients: most Ukrainian agriholdings control their land through long-term leases rather than ownership, so what is often valued is a leased land bank — a portfolio of lease rights — rather than freehold land. A farm enterprise as a whole is valued as a going concern: land rights, machinery, storage and biological assets together. Direct farmland ownership by foreign persons remains restricted, which makes lease-portfolio and corporate-level valuations the practical route for cross-border transactions. We frame the engagement to match the actual legal structure — it changes both the methodology and the result.
Methodology
The market approach leads where transaction evidence exists — the opening of cadastre data has made comparable analysis genuinely workable. Income capitalization of rental streams applies to leased-out land; farm enterprises are valued through their operating cash flows. Reports state the chosen approaches and their reconciliation openly.
Our Experience
Agricultural land and lease portfolios are an established part of our practice — including the collateral revaluation of a major agriholding conducted simultaneously for several lending banks, with the land bank valued alongside the group's other assets. We prepare English-language reports for international investors and foreign-capital agribusinesses operating in Ukraine.
Questions and answers
Can you value a leased land bank rather than owned land? Yes — lease-right portfolios are the standard holding structure of Ukrainian agribusiness, and their valuation is one of our core competencies. See also our dedicated land lease rights service.
Do you value farm enterprises as businesses? Yes. A going-concern valuation covers land rights, machinery, storage infrastructure and biological assets as one income-generating whole.
How do you treat war-affected fields? Demining status, physical access and actual cultivability are reflected in the report objectively — that is a matter of professional diligence.
How much does a farmland valuation cost? We quote a fixed fee and timeline after reviewing the cadastral data, title documents and the purpose of the valuation — both are agreed before the engagement letter is signed.
We work with international clients in writing: email us at [email protected] or message us on Telegram, Viber or WhatsApp. Send the cadastral numbers and asset description for review and we will come back with a fixed quote and timeline.
Related services: Land Valuation · Land Lease Rights Valuation · Land Share (Pai) Valuation · Biological Assets Valuation
Related services: Valuation for Lending · War Damage Assessment · Agribusiness Sector Expertise
