Riigikogu discussed amendment of State Assets Act

On the motion of the Rural Affairs Committee as the leading committee, the first reading of the Bill on Amendments to the State Assets Act (481 SE), initiated by the same Committee, was concluded. The purpose of the Bill is to provide the regulation concerning transfer of immovables used as profit yielding land which contain areas under cultivation and parcels of natural grassland (agricultural land). Upon transfer, the person who is using the land to be transferred on legal basis has the right of pre-emption. This will allow current cultivators of the land to acquire the land at the price formed at public auction. In the opinion of the initiator, this will increase sustainability of agriculture and reduce the risks of losing the possibility to cultivate land in the middle of an obligation period. The Bill was sent to the second reading.