Regional Law No. 55-oz "On regulation of turnover of agricultural land". Country/Territory Russian Federation Territorial subdivision Tchukotka Document type Legislation Date 2004 (2011) Source FAO, FAOLEX Subject Agricultural & rural development, Land & soil Keyword Agricultural land Land consolidation Property rights Local government Family farming Farming Ownership Geographical area Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific Entry into force notes This Regional Law enters into force ten days after the date of its official publication. Abstract This Regional Law regulates relations concerning turnover of agricultural land and shares of agricultural land in common property. Minimum land area of consolidated agricultural land plot shall be 0.5 ha. Maximum agricultural land area within the boundaries of a single administrative-territorial unit that can be owned by a single family with close relatives or by a single legal person of which make part a single family with close relatives shall not exceed 10 percent of total agricultural land area. Local government shall have preferential right of purchase of agricultural land at face value, except for sale through public tender in case of renunciation of purchase by the Regional Government. Full text Russian Website docs.cntd.ru