Scotland needs to establish a Land and Property Commission to monitor the ownership and management of the country’s most valuable resource, urges a government-commissioned report.

The Land Reform Review Group, which was established by first minister Alex Salmond in 2012 to explore how Scotland could reform its system of land ownership, has published its final report after two years of deliberation.

The headline recommendation is one of more than 60 suggestions contained in the 260-page document, The land of Scotland and the Common Good.

Others include the view that there should be an upper limit on the total amount of land that can be held by any private landowner, an end to the Crown

Estate Commissioners’ involvement in the country, more transparent land ownership and the need for more community-owned land.

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The group has urged government “to be radical in its thinking and bold in its action”, adding that “the prize to the nation will be significant”.

Some of the recommendations could be achieved by amending existing policies and legislation while others would need to be the subject of new legislation.

The Scottish government’s environment minister Paul Wheelhouse welcomed “the overall vision and proposed direction of travel”, but added that government would not agree with all of the recommendations.

However he singled out the benefits of community ownership highlighted by the report.

“We have always said that community ownership empowers communities, sparks regeneration and drives renewal, which is why we have an ambitious target to get one million acres of land into community ownership by 2020,” he said.

“I am pleased to announce that I agree with the Review Group’s recommendation for a working group to develop the strategy for achieving the million acre target and I will shortly be forming a working group to achieve just that.”