Creation of land fund for the purpose of land management in the Republic of Serbia

Abstract

This paper presents the activities carried out by the authorities of the Republic of Serbia in order to properly manage agricultural land. It is well known that land, as a scarce resource in any country, must be managed in a proper way. The government is in charge of land management, land legislation and land policies that have a major influence on land development. The Republic of Serbia is currently in transition from fully state owned land to private ownership, but this path is fraught with numerous obstacles. While the experiences of other countries may help avoid some common pitfalls, each country faces a unique set of challenges not found elsewhere. To be able to properly choose the right direction of land management, it is essential to consider multiple potential scenarios of good land stewardship. A land fund is an example of a good international practice that countries like Serbia should follow, implement and adapt in a way which reflects its national heritage and current circumstances. The real estate market is turbulent and changes over time, but it must be and remain transparent, open and without restrictions in order to assure the wellbeing of future generations and development of the country.