How much does arable land cost in the EU

According to Eurostat, prices for agricultural land in the countries of the European Union vary greatly.

Eurostat defines arable land as that which is cultivated regularly, usually as part of a crop rotation system.

Among the EU Member States, the highest purchase price per hectare of arable land was recorded in the Netherlands, with an average of 69,632 euros/ha in 2019. The price of arable land in any of the regions of the Netherlands was above all other available national averages in the EU.

In Ireland the figure is just over 25,000 €/ha. Among EU regions for which data are available, the highest prices for arable land were in the Spanish region of the Canary Islands, averaging €120,477/ha in 2020.

The cheapest was arable land in Croatia: in 2020, one hectare cost an average of 3,440 euros. At the regional level, a hectare of arable land is the cheapest in the southwestern region of Bulgaria, with an average of 2,051 euros.

Eurostat experts believe that the price of land depends on a number of factors:

In addition, the price is influenced by market supply and demand, including the impact of foreign ownership rules, which also affect the price.

In all EU regions for which data are available, the purchase of arable land was more expensive than the purchase of permanent pastures. In almost all regions, the purchase of irrigated arable land is more expensive than non-irrigated land.

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