Is it Possible to Utilise the Agricultural Potential of Ukraine under the Current Agrarian System?

The government of Ukraine aims to transform the country into an ‘agricultural superpower at the international level’ with the hope that the sector will gain high foreign currency earnings and become ‘the engine of national economic development’. The large agribusiness corporations have willingly responded to these calls. However, placing hope solely in the corporate sector is inadequate as the key role of agriculture to create business diversity and achieve rural social and environmental objectives will remain unfulfilled. Many other national economies have experienced ‘the offensive’ of capital on agriculture during the twentieth century, with associated negative consequences, thus encouraging them to adopt more balanced agrarian policies which benefit the whole rural population. Utilisation of Ukrainian agricultural potential as an economic growth engine requires a fundamental change in the interpretation of its purpose, which is currently focused on profit‐making export‐oriented commercial activity. The multifunctional nature of the sector needs to be emphasised, the purpose of which is not only the production of agricultural and food products, but also the creation of public benefits, such as the development opportunities and means for existence for 14 million Ukrainian rural inhabitants, maintenance of ecological balance, regeneration of soil fertility and preservation of rural landscapes.