ORGANIZATIONAL SUPPORT FOR MARKET CONFORMITY OF THE NORMATIVE MONETARY VALUATION OF AGRICULTURAL LAND

Abstract

The purpose of the article is to develop scientifically grounded directions for the organizational support of market conformity of the normative monetary valuation (NMV) of agricultural land under the conditions of the operating land market in Ukraine, introduced by the Law of Ukraine dated 31 March 2020, No. 552–IX (which granted citizens the right to buy and sell agricultural land plots from 1 July 2021 and legal entities from 1 January 2024), and under martial law. Methodology of research. The achievement of the purpose set in the article is carried out with the help of the following research methods: logical generalization and scientific abstraction; systematic and comparative legal analysis of the current legislation; structural analysis; analytical and abstract–logical methods. Findings. It is established that the organizational support of the NMV is carried out by a multilevel system of subjects – the Verkhovna Rada of Ukraine, the Cabinet of Ministers of Ukraine, the Ministry of Agrarian Policy and Food, the State Service of Ukraine for Geodesy, Cartography and Cadastre, local self–government bodies and valuation entities – none of which, however, bears institutional responsibility for the market conformity of the valuation as a systemic outcome. Four groups of interrelated problems are identified: institutional (the absence of a coordination centre, the regulatory gap in departmental procedural regulation that emerged after the 2017 Procedure was repealed in 2023, and the weakness of mechanisms enforcing timely revaluation within the statutory five–to–seven–year period); procedural and methodological (the rent–normative nature of the current methodology, which is grounded in capitalized rental income rather than market value, and the inadequacy of the indexation mechanism, which relies on the general consumer price index rather than land market dynamics); informational and coordination (the outdated soil quality data in the State Land Cadastre and the absence of integration between the State Register of Property Rights, the State Statistics Service and cadastral information systems); and war–related (the lack of mechanisms to account for the physical damage of agricultural land, the deformation of land markets in front–line and de–occupied territories, and the socio–economic decline of affected rural communities). A comprehensive set of improvement directions is substantiated across four blocks: institutional, monitoring, procedural and war–adaptation. Practical value. The implementation of the proposed directions would allow the results of the normative monetary valuation to be brought substantially closer to actual land market conditions, strengthening the fiscal and regulatory functions of the valuation system and ensuring a fairer distribution of the economic benefits derived from the use of agricultural land in Ukraine.