The average price of a hectare of arable land in the European Union in 2021 ranges from €3,661 in Croatia to €47,290 in Luxembourg, according to data published on Wednesday by Eurostat and cited by Agerpres.
But Eurostat notes that this difference is likely to be even greater, as data for 2021 is not available for all member states, and in 2020 the average price of a hectare of arable land in the Netherlands was €71,225.
In the case of Romania, the average price of a hectare of arable land last year was 7,601 euros, compared to 7,163 euros in 2020. For comparison, the average price of a hectare of arable land in 2021 was 6,096 euros in Bulgaria, 5,940 euros in Bulgaria. France and 5187 euros in Hungary.
Other Member States where the average price per hectare of arable land is lower than in Romania include: Lithuania, Estonia, Latvia, Slovakia and Croatia.
Where is the most expensive hectare of arable land in the EU?
At the regional level, according to available data, the highest price per hectare of arable land was recorded in the Canary Islands region of Spain (with an average of €120,477 per hectare), and the lowest in the Ovre Norrland region of Sweden. (on average 1882 euros per hectare).
In the case of Romania, the highest prices for arable land are in the Bucharest-Ilfov region (€10,707 per hectare) and the lowest in the Northwest region (€6,206 per hectare), in both cases the prices are lower. than in 2020.
Eurostat notes that in most regions of the European Union, arable land is more expensive than pasture. The exceptions are the Spanish regions of Asturias and Madrid, as well as the Lithuanian region of Sostines, where a hectare of meadow is more expensive than a hectare of arable land.
The average price of a hectare of meadow in 2021 ranged from a low of €1,423 in Bulgaria to €41,930 in Luxembourg, but in the Netherlands it was €59,065, according to 2020 data.
According to Eurostat, the price of arable land depends on several factors, such as national legislation, climate, proximity to transport networks, soil quality, irrigation systems, and market forces related to supply and demand.
Source: Hot News
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