Foreign-owned farms control over 6% of Czech farmland
zech News Agency | 17 May 2010
Prague, May 16 (CTK) – Farms of foreign owners control more than 6 percent of the total Czech farmland area of 3.6 million hectares, weekly Euro says in its latest issue to be published on Monday, referring to data of the Czech Statistical Office (CSU).
There are over 378 farms controlled or partly owned by foreign entities which operate on nearly 230,000 hectares of Czech farmland, Euro says.
Foreigners acquired Czech land during a seven-year moratorium which the Czech Republic negotiated before its entry into the European Union.
Under the moratorium, which is to expire on May 1 next year, foreigners are banned from buying farmland and forests in the Czech Republic.
However, land can be bought by EU citizens which have lived and worked as farmers in the Czech Republic for at least three years, and by legal entities with foreign owners which are based in the...