Transformation of State Treasury farms through their sale is performed only on a small scale (2% of land resources). Management of the remaining farms includes: temporary administration (about 63%), lease (about 28%) and transferred administration (about 3%). Evaluation of such management forms made from the points of view of the owner (State ), represented by the State Treasury Agency for Agricultural Ownership, and the holder is presented in the paper. Temporary administration turned out to be the least reliable form of management, while lease, especially a longterm one, proved to be the most advantageous as far as the owner's and the holder's aims are concerned.