20 years of operation of the agricultural land market in the Republic of Moldova: achievements and perspectives

Abstract

Being at the stage of 20 years of operation, the agricultural land market in the Republic of Moldova collided with several socio-economic problems, which limited (partially) the dynamic development of this market. Although in the process of identifying the market prices of agricultural land in the Republic of Moldova, different evaluation methods are widely used, the method, based on comparable prices, is the preferable one, the most often used. At the same time, this method is the most dependent on the stability of the purchasing power of the national currency - the Moldovan lei. The sudden increase in the level of inflation in the last two years has disorientated the participants of the land market and negatively influenced both the number of transactions for the sale and purchase of agricultural land, as well as the area of land included in the market circuit. The deeper analysis of the current state, as well as the elaboration of reasoned recommendations, regarding overcoming the crisis situation on the agricultural land market in the Republic of Moldova, is the main purpose of this publication.