Svarog West Group Corporation is going to increase its land bank to 100 Th ha from the present 80 Th ha by 2016, said Volodymyr Stetsiuk, Svarog’s first vice board chairman. “We constantly work on increasing the land bank. Our plans for the coming two years include expanding it at least to 100 Th ha. But the matter will only concern good land parcels which can be put in order,” he pointed out. Simultaneously, he complained of the problem of unorganized lease relations, which is not yet resolved by the state. So, according to him, the unilateral dissolution of land lease agreements by land shareholders is increasingly widespread now. “Today we sign a five-year land lease agreement. It takes two years of investing in that land to obtain something in the third year. Suddenly, in the fourth or fifth year, the guy dissolves the agreement. He makes use of the land parcel we have already provided with mineral fertilizers, herbicides, and leases it out again in two years. That won’t do at all,” he noted.

UkrAgroConsult