Strong recovery of agricultural land prices

In the first quarter of this year, average land prices in our country dropped somewhat, but a strong recovery has taken place in the past three months. For the second time, the national average is above the limit of €80.000 per hectare.

This is evident from the Kadaster's quarterly report. The price of arable land in particular rose sharply by 10,8%, rising to an average of €98.300 per hectare. This means that passing the psychological limit of one ton is no longer far away. With an increase of just under 5% to an average of €76.800, grassland prices rose less quickly. Nevertheless, prices are about 10% above the national average in 2023. Snijmaisland increased by just under 3% last quarter to €81.400.

Mobility up
It is also noticeable that more land has been traded. Compared to the same period last year, the number of hectares traded increased by 400 to 7.200 hectares, which amounts to an increase of 6%. In the first quarter of this year, so-called land mobility was slightly higher.

Big differences
As is known, the differences per province in the Netherlands are large. Agricultural land in Flevoland is by far the most expensive with an average price of €185.100 per hectare. In the neighboring province of Friesland, the average price is €60.700.

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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