Ways of acquiring land vary depending on institutional arrangements. In Russia land is commonly leased but sometimes owned, and in Ukraine, where private land sales are not allowed, all land is leased, usually for 5 years although some operators try to lock in lease contracts at favorable terms for much longer. All over the region, land rents relative to land of comparable quality in other parts of the world are very low. Competitive markets for land rental have yet to emerge as imperfections in financial markets as well as those for inputs and output often make owner-cultivation difficult. Land owners’.
