At the same time, “considering high interest rate for bank deposits, the average normative land’s price in Ukraine in present-day conditions is nearly 10 times lower than its real cost”. That is, the present-day price of arable land is $3810/ha. Having considered that the value of 1 ha perennial crop lands is three times higher, and natural forage nearly two times lower than the arable land price, we’ll get the normative starting price for the potential of all agricultural lands in the country to be $159.3 milliard. Here we must remember that we speak about the so-called capitalized estimation of the potential of agricultural lands. With Ukrainian economics’ average normative coefficient of capital investments’ efficiency of 0.15, the value of land potential in this country in yearly proportion will amount to $23.9 milliard. It should be noted that in 1990s we performed calculations of the value of the country’s starting nature-re- source potential in USD equivalent and found the annual average potential of the country’s agricultural lands to be $24.18 milliard. And, as it is evident today, the land price according to I.R. Yukhnovskyy and G.M. Loboda practically coincides with our findings.
In this case, the scale of comparability of the potential of the country’s most important nature resource seems to be very important, since it is the one that allows for application of corresponding conversion coefficients so that we could transform Ukrainian NRP value in nature re- source prices of 1990s into the same of present day nature use development. We believe that the USD/UAH exchange rate of 1:6.3 could become the coefficient that would help converse nature resource cadastre prices of 1990s into those of present day. Thus,dutch buckets system the nature resource potential of Ukraine in yearly proportion and at the pre- sent-day level of prices for nature resources amounts to UAH338.39 milliard.Lands are the major natural productive force in the Carpathian Ukraine, too, though the region features significant territorial differences conditioned by specificity of orographic composition, bifurcated hydro-net and reforestation of the territory. Besides, demographic factor, namely, high population density and small contour of productive lands are also of consider- able effect. This is why land resources in the Zakarpattia and the Ivano-Frankivsk Oblasts miss their headship.It was preceded by comparatively big collective and state- owned economies which enjoyed all advantages of huge formations. Hypothetically, broad-scale farming in Ukraine would be possible and appropriate if potential farmers and the state had sufficient finances to develop both farming enterprises of rational size and adequate market environment.
Farmer-entrepreneur’s formation also takes time. Twenty years of farming in Ukraine are now evidence of a kind of inheritance of farming business. Pre- sent-day state of farming in Ukraine is shown in Table 2. It is agricultural production that is differentiated by territorial diversity of nature-resource potential most essentially, said differentiation conditioning natural productivity of agricultural activity. Nature-resource potential effects upon agricultural production with its whole totality, though the influence of land and water resources is the most fundamental. The Carpathian Region of Ukraine is sufficiently provided with water resources and its hydro-net is rather dense allowing farmers enjoy water stock in full arranging fish farms and irrigating arable crops. Orographic peculiarities of the region and its natural vegetation are the stimuli to formation of farm economies of stock- raising specialization. Land resources in each particular locality determine the focus of arable farming and principal methods of crop cultivation. The major specificity of land use by farming economies is the lands’ highest possible involvement into agricultural production . On the whole, 60% of 2830.3 thousand ha of arable lands available in the Carpathian Region are tilled, whereas the level of tillage in farming economies is 92%. The reason is that the farmers are maximally economically interested to assure for land lease and credit payments. The distribution of land stock in administrative oblasts of the Carpathian Region is presented in Table 3.