Agricultural land, which has risen in price by 76% since the market opened in July 2021, could see its price increase by up to 80% in dollar terms over the next three years.
This view was expressed by Oleksandr Chornyi, co-founder of the land investment service Zeminvest, and Serhii Kramarenko, a land investment expert and author of the “Gruntovno – Land Investment Fund” project, during a panel discussion at the Invest Talk Summit 2026 conference in Kyiv, organized by the “Minfin” resource.
At the moderator’s request, Chornyi predicted that the price of one hectare of farmland in the “corn belt” of Cherkasy Oblast, with a lease agreement of up to three years, could rise from the current $3,000 +/- $200–$300 to closer to $6,000.
According to Kramarenko, he would buy this land right now “without haggling” for $3,500–$3,700 per hectare and would not sell it for less than $6,200–$6,500 in three years.
“Over the past four years since the land market opened—most of which coincided with the war—land has proven to be arguably the most promising asset in Ukraine from a financing perspective. Unlike in 2021, when no one understood how it would work, the market has crystallized and currently remains a buyer’s market. That is, there are still more people wanting to buy a quality asset than those wanting to sell it, and this trend will likely continue,” Chornyi emphasized.
The co-founder of the land investment service Zeminvest also noted that land prices are currently rising faster than rental rates, but the latter will certainly rise as well.
“If two years ago, investments in agricultural land were at 7–8%, today you can already buy at 4–5% and even at 3%, with the understanding that over the next two years, rent will gradually rise,” Chornyi believes.
In his opinion, if rent rates are currently 3-5%, they will double in 10 years—to 5-8%.
