The institutional change in rural Kyrgyzstan during the transition period included farm reorganization, land reform, building markets, and community institutions. The land reform established private property rights to land, including the rights to transfer, exchange, sell, lease, and use the land as collateral for credit. These key features of Kyrgyzstan's agrarian transition are in sharp contrast with those of other transition countries in Central Asia. This paper reviews the process of institutional change in rural Kyrgyzstan, examines its impact on agricultural performance and discusses some remaining major institutional and policy constraints on agricultural growth in this country.