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Luxembourg, 25 June 2009 1
Meeting of the Task Force “Agricultural land prices and rents”
25 June 2009
EUROSTAT - Unit E2 2
Data availability
Price, agricultural land
Euro per hectar
2000 2001 2002 2003 2004 2005 2006 2007
BE 21069 20372 16795 20273 23155 22053 27190 :CZ 1556 1403 1528 1522 1561 1621 1625 1867DK 10330 12211 12920 14669 15995 18787 22791 25745DE 9081 9427 9465 9184 9233 8692 8909 :IE 12816 13897 13574 14397 16258 16230 : :ES 7292 7553 8026 8553 9024 9714 10402 11070IT 13654 14266 : : : : : :LV : : 546 526 1031 2301 3591 2500LT 294 321 468 390 406 536 734 241LU 15195 15837 14874 17047 18001MT : : : : : 127937 128116 303NL 35713 37150 40150 34160 31432 30235 31276 34969RO 351 308 278 237 284 879 : :SK 895 878 888 912 946 981 1017 1121FI 3933 4039 4246 4700 5197 5377 5979 6250SE 1989 1988 2019 2126 2455 3351 3706 3957UK 11620 11909 10955 10178 11128 12975 13382 :
EUROSTAT - Unit E2 3
Rent, agricultural land
Euro per hectar
2000 2001 2002 2003 2004 2005 2006 2007BG 52 60 54 56 73 97 99 :DK 328 346 368 391 399 397 456 551DE : 164 : 174 : 176 : :IE 220 235 211 204 204 195 185 :ES 138 140 145 154 155 162 165 167LT 9 12 13 14 17 22 33 12LU 163 166 170 171 176 189 179 179HU : 41 45 53 57 63 67 87MT 88 89 87 84 83 83 83 932NL 405 443 445 445 449 429 440 444SK : : 13 : : : 15 17FI 136 142 145 150 156 160 165 :SE 107 104 108 110 110 108 110 :UK 202 201 198 : 181 : 176 :
EUROSTAT - Unit E2 4
Aim of the target methodology
To collect comparable statistical information on the prices and rents of agricultural land for agricultural use in the European Union as land is a primary resource in agricultural production.
To make comparisons among Member States on the level and on the trend of agricultural land prices and rents (selling, purchasing price /rental price).
EUROSTAT - Unit E2 5
General remarks
Frequency and time schedule for data delivery The frequency of agricultural land price and rent data provision
is annual (270 days after the end of the reference year).
Geographical coverage Sources of data used should allow information to be provided at
least at NUTS II level.
EU 27 data aggregationThe aggregation of the land prices and rents is made by
calculating a weighted average using the national data converted into Euro and the information on area provided by the latest Farm Structure Survey (FSS) by category of land (arable
land, permanent grassland).
EUROSTAT - Unit E2 6
EU agricultural land price statistics
The aim of these statistics is to reveal the value of one hectare ofagricultural land in the reference period (calendar year).
Agricultural land price can be collected from the owner of agriculturalland who is selling agricultural land for agricultural use (selling prices)or from the person purchasing agricultural land for agricultural use(purchase prices).
Field of observationThe price of one hectare of agricultural land sold/purchased foragricultural use.
The field of observation should include the arable land and/or permanentgrassland sold to (or purchased from) private owners or estate agencies who sellland for agricultural use and should exclude the transaction for non agriculturalpurposes (lifestyle buyers, construction sites etc.) and the transactions of landbetween relatives.
EUROSTAT - Unit E2 7
Category of land
Arable land - land worked (ploughed or tilled) regularly, generally under a system of crop rotation.
• irrigable arable land – arable land area which could be, if necessary, irrigated in the reference year using the equipment and the quantity of water normally available on the holding
• non-irrigable arable land - arable land area which cannot be irrigated due to the lack of water for irrigation on the holding.
Permanent grassland - land used permanently (for five years or more) to grow herbaceous forage crops, through cultivation (sown) or naturally (self-seeded) and that is not included in the crop rotation on the holding.
EUROSTAT - Unit E2 8
Price of agricultural land
Is the price received/paid by the holder in free trade without
the deduction of taxes or levies (except deductible VAT)
and without the inclusion of subsidies.
The selling/purchase price of land should:include the value of related levies/taxes (other than deductible VAT);
exclude the value of any monetary compensation received by farmers for the sales/acquisition of the Utilized Agricultural Area;
exclude the value of any building on the sold/purchased agricultural land ;
exclude inheritances transfers;
EUROSTAT - Unit E2 9
EU agricultural land rent statistics
The agricultural land rent represents the price of renting onehectare of agricultural land in the reference period (calendaryear).
The renting prices can be collected from the owner of agriculturalland who is renting out the land for agricultural use (renting pricesreceived) or from the person renting the agricultural land foragricultural use (renting price paid).
Field of observationThe renting price of one hectare of arable land and/or permanentgrassland rented out/rented for agricultural use is proposed asobservation unit (field of observation should exclude thetransactions of land between relatives).
EUROSTAT - Unit E2 10
Category of land
Arable land - land worked (ploughed or tilled) regularly, generally under a system of crop rotation.
• irrigable arable land – arable land area which could be, if necessary, irrigated in the reference year using the equipment and the quantity of water normally available on the holding
• non-irrigable arable land - arable land area which cannot be irrigated due to the lack of water for irrigation on the holding.
Permanent grassland - land used permanently (for five years or more) to grow herbaceous forage crops, through cultivation (sown) or naturally (self-seeded) and that is not included in the crop rotation on the holding.
EUROSTAT - Unit E2 11
Rent of agricultural land
As no distinction is made taking into consideration the rentingcontract/agreement duration, all new rents for land (even ifthe land is rented for more than one year) should be taken intoaccount.
The rental price of agricultural land should:
include the payments in kind valuated at the current year price
exclude the rentals of buildings or dwellings situated on it and any other expenses related to other assets except the agricultural land (current maintenance expenditure on buildings, buildings insurance, depreciation of buildings, rents paid for the professional use of non-residential buildings etc.)
EUROSTAT - Unit E2 12
Reference period of the results
The agricultural land prices should represent the average price of the sold/purchased arable land (irrigable and non irrigable), and permanent grassland in a calendar year.
The agricultural rents should represent the average renting price for new rents of the arable land (irrigable and non irrigable) and permanent grassland in a calendar year. (the allocation to the calendar year should follow the time for contracting).
EUROSTAT - Unit E2 13
Data sources for land prices and rents
Direct observation of land prices and rents by category of agricultural land described in the target methodology (data collection can be made through separate surveys or to be integrated into the surveys system which already exists in the Member State).
Statistical data collection via a network of experts – "expert estimates“ (could involve experts from the regional statistical offices, local representations of the ministries of agriculture, agents from the real estates agencies at the regional level, agricultural advisory service etc).
Use of administrative data (the information from administrative sources is often subject of significant underreporting and dose not provide any breakdown by type of land).
