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What is behind a hectare?


Igor Melamed
General Director of CJSC International Center for the Development of Regions (ICRD)
Both require a certain infrastructure, and the infrastructure is not in such a narrow sense that bring the water, bring the light - and we will be built. For narrow construction purposes, in principle, so it is. But the idea was to make the Far Eastern spaces work. And for them to work, you need the appearance of a program.
We proposed, for example, the issuance of certain secondary instruments (we called them "land vouchers") that could be accepted as payment for a mortgage. Or make "land vouchers" a tool that banks will buy, accept as collateral, and issue loans. That is, to make a full-fledged financial instrument out of the land plot that could be used - approximately the way it is now with the parent capital.
This initiative requires, of course, a certain elaboration, the emergence of normative and methodological documents. I'm not saying that it will necessarily be a translation into a financial instrument. But speaking of the development of Siberia, the most powerful banks have always been land, and the turnover of land for Siberia has played the most important role. The areas of unused arable land in the Far East are still very large. Many times the Chinese came out to us with the initiative to give them land for use after fires. A huge area is burned in the Far East every year. But you can master this land, but we do not have any hands for it, no special needs. Unfortunately, the technology of growing grain and other crops that are used by the Chinese can not be applied on our land, which still knows how to give birth in a natural way. In China, all the agricultural production is artificial: what you brought in, you got it.