Agricultural Land Bill Gives Locals First Choice
The Ministry of Agriculture has come up with an unusual, if not dubious plan that would restrict the sale of agricultural land, giving local businesses special first right of refusal, according to a report today in Hospodarske Noviny.
The Ministry plans to introduce the new bill to take effect from May 2014, and it will see local farmers and farming businesses get first choice to purchase agricultural land, with the idea being to make sure it is still used for agricultural purposes. The right of refusal then passes to other businesses in the country, before the land can be offered to other entrepreneurs.
The effect of the new bill, designed to suppress what the Ministry refers to as ‘speculation’, can only be guessed at, but it could end up reflecting on the price that the land would fetch, and it would prevent incoming businesses from getting first choice of any agricultural land for sale.