Yuriy Kosyuk’s Myronivsky Hliboproduct (MHP) agricultural holding offered its employees to buy land plots and lease them to their own employer.
Kyiv. Ukraine. Ukraine Gate – October 17, 2021 – Agriculture
So the company came up with how to circumvent the restrictions on the purchase of land by legal entities, as well as the limit on the sale of 100 hectares in one hand.
At the same time, the holding assures that they do not violate the law and do not force anyone to do anything.
“MHP always operates in the legislative field. We are interested in the development of the land market in Ukraine and support land reform. And we also support the aspirations and the constitutional right of the citizens of Ukraine – the right to own land. Evidence of this is our explanation to employees of all procedures and opportunities associated with it. We are interested in our employees invest in their future, ”the company said.
According to ZN.ua, employees are made offers that are almost impossible to refuse. As a result, they have to buy a share with their own money and lease it to the employer. Moreover, journalists claim that the rent is set by MHP, not the landlord. Another trick – the contract states that the share can be sold only to the employer. This information has not been officially confirmed.
“MHP interviewed its current landlords, and it turned out that in addition to 3% who already want to lose their share, there is another 25% of those who will sell it… MHP leases about 323 thousand hectares of land, which is almost 165 thousand shares. I don’t want to lose a quarter of them, ”the journalists report.
MHP has 26.5 thousand employees. Accordingly, if one in six buys a share and leases it, the holding will save a quarter of its land bank. The terms of the agreement, according to unofficial data, are as follows:
concluding a lease agreement immediately after the purchase of a share;
lease term – at least 10 years;
the cost of rent – the average for the settlement where the site is located; at the same time it is fixed for a year;
the company receives the primary right of redemption of the site in case of its sale.
According to the company’s estimates, the “input” investment will cost employees $ 4 thousand, ie they expect a cost of $ 1.5-1.6 thousand per hectare, which is fully consistent with current prices. The amount is not small, but affordable. Employees who agree to buy land for MHP are promised an annual income of 7-11% of the land lease to their own employer, ”the article reads.
As you know, MHP sells products under the brands “Nasha Ryaba”, “Bashchinsky”, “Easy” and “Kurator”. In addition, the company exports.
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Source: Ukrgate