Main Influences of the Act.

1): Provides land to veterans of the independence war (many of whom were peasants who worked the land in the first place) to acquire land as repayment for their service to Ukraine; they fought for Ukraine, so they should own their slice of Ukraine

2): Establishes a series of legal protections and assistances allowing Ukrainians to more easily acquire land as well as better assert their control over their land in court, as well as laws regarding the seizure of land from criminals. Furthermore, it restricts the government's ability to seize land through eminent domain as well as outlining the circumstances and provisions that need to be provided to both parties if the government does seize the land.

3a): Establishes the "Українська національна аграрна компанія" or the Ukrainian National Agricultural Company which is jointly administered by the Ministry of Finance and the Ministry of Agriculture. As of the passage of the act, The УНAK (or UNAC) owns 35% of all arable land in Ukraine with profits directly going to the Ukrainian Government.

3b): Provides financial incentives to farmers organizing themselves into collectives, or joining state-owned collective farms under the Ukrainian National Agricultural Company which is jointly administered by the Ministry of Finance and the Ministry of Agriculture.

4): Provided protections to agricultural corporations in Ukraine, as well as providing them with a tax cut proportionate to the amount of grain they sell directly to the Ukrainian National Agricultural Company, as well as special contracts for both individual farmers and corporations who grow grain and sell it directly to the Ukrainian Government.

5): Created the ability to take a special, low interest loan from the National Bank of Ukraine for use in purchasing agricultural equipment from abroad.