Sur­vey: Ir­ish farms fourth, fifth dear­est

Irish Examiner - Farming - - NEWS - Stephen Cado­gan

Ire­land had the fourth high­est farm­land rental rates, and the fifth high­est pur­chase prices, in a sur­vey of 22 EU mem­ber states.

In 2016, only in the Nether­lands, Italy, Lux­em­bourg, and the UK was arable land more ex­pen­sive to buy, in the sur­vey by Euro­stat, the EU’s sta­tis­ti­cal ser­vice.

Only in the Nether­lands, Den­mark, and Aus­tria was farm­land more ex­pen­sive to rent, com­pared to Ire­land. The Nether­lands had the high­est priced arable land in the EU in 2016, at €63,000 per hectare (€25,500 per acre). The price of arable land in ev­ery sub-re­gion of the Nether­lands was above all other avail­able na­tional av­er­ages in the EU.

The Euro­stat fig­ure for Ire­land was just over €20,000 per hectare (€8,100 per acre). Among the EU sub-re­gions for which data was avail­able to Euro­stat, the most ex­pen­sive price for arable land was in the Lig­uria sub-re­gion of Italy, with an av­er­age of €108,000 per hectare (€43,700 per acre). Arable land was cheap­est in Ro­ma­nia, with a hectare av­er­ag­ing only €1,958 in 2016 (€800 per acre).

At the sub-re­gional level, a hectare of arable land was cheap­est in the Yu­goza­paden re­gion of Bul­garia (av­er­ag­ing €1,165, or €470 per acre).

The Eur os tat anal­y­sis in­cluded land rental, and an­nual rental prices of arable land or per­ma­nent grass­land also var­ied starkly be­tween Mem­ber States and sub­re­gions within mem­ber states. Rent­ing was most ex­pen­sive in the Nether­lands, av­er­ag­ing €791 per year per hectare (€320 per acre), with the high­est sub-re­gional av­er­age in the coun­try’s Flevoland area, reach­ing €1,536(€620 per acre). Rent­ing agri­cul­tural land was cheap­est on av­er­age in Latvia (€46 per hectare per year, or €19 per acre), and in the sub-re­gions of Meller­sta Nor­rland and Övre Nor­rland in Swe­den (both €28 per hectare per year, or €11 per acre). The Euro­stat land rental fig­ure for Ire­land was about €300 per hectare (€121 per acre)..

Data for Bel­gium, Ger­many, Cyprus, Malta, Aus­tria and Por­tu­gal was not avail­able for the Euro­stat anal­y­sis. The data in­di­cated the strong­est growth in pur­chase prices of arable land be­tween 2011 and 2016 was a three-fold in­crease in the Czech Repub­lic; and a two-fold in­crease in Lithua­nia, Es­to­nia, Latvia and Hun­gary.

Prices rose in other Mem­ber States too, but at much lower rates.

In al­most all re­gions, buy­ing arable land was more ex­pen­sive than buy­ing per­ma­nent grass­land (as much as 20 times more ex­pen­sive in the Greek is­lands of V ore io Ai­gaio).

Buy­ing ir­ri­ga­ble ar able land was more ex­pen­sive than non-ir­ri­ga­ble arable land (as much as six times more ex­pen­sive in the Span­ish re­gion de Mur­cia). Rent­ing per­ma­nent grass­land was cheaper than rent­ing arable land.

Tulip fields in Flevoland, where land costs €620 per acre to rent.

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.