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Prices of agricultural land on the rise
8th August 2011
A hectare of good agricultural land in Poland costs more than in France and Germany, and prices are continuously rising, reports Rzeczpospolita. The average prices of agricultural land have gone up by 10 percent during the last quarter, and they are 12 percent higher that last year, according to data from the Agricultural Real Estate Agency (ANR).
In Q1 this year, a hectare of agricultural land cost zł.19,400 in Poland on average. In 2010, the average was zł.18,000 per hectare. High-quality parcels are more expensive, however. A hectare in the Wielkopolskie voivodship can cost zł.38,000, the Central Statistical Office (GUS) reported.
A record transaction was registered in the Mazowieckie voivodship recently. The ANR sold 150 hectares of land from a cooperative to a local agricultural producer for zł.8 million. The ANR owns two million hectares of land in Poland, 75 percent of which is leased.
The price of one hectare of ANR land sold on average for zł.3,684 in 1999. In 2011, this price is an average zł.16,721, according to the agency's data.
http://www.wbj.pl/article-55572-prices-of-agricultural-land-on-the-ris e.html
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