News Farmland
What does a Belgian farmer pay for rent?
New data shows that the lease price for arable land in Belgium has increased by 20% in 64 years. The price for grassland rose by 55% in the same period. In West Flanders the most is paid, almost twice as much as in the province of Luxembourg.
An agricultural entrepreneur in Belgium paid an average of €2019 per hectare in rent for arable land in 304, according to the data. That is an increase of 64% compared to 20 years ago. The price for grassland rose by 55% in the same period to an average of €267 per hectare. This means that the prices are considerably lower than in the Netherlands, where the lease standards can easily reach an average of €500 per hectare.
Largest increase in Flanders
The rent has increased most in Flanders, where at the moment 78% more is paid for arable land than 20 years ago. The price of grassland has increased by 68%. In the Walloon Region, the increase for arable land amounts to 49% and that for grassland to 42%. For Flanders, the average price for arable land in 2019 is €380 per hectare and in Wallonia it is €241 per hectare. The lease price for grassland amounts to €326 per hectare and €218 per hectare respectively.
If we look at the provinces, West Flanders is the most expensive when it comes to the rent. In 2019, a farmer paid an average of €454 per hectare for arable land and €415 per hectare for grassland. This is more than twice as much as in the province of Luxembourg, where the lease price for arable land for 2 amounts to €2019 per hectare and the price for grassland is 'only' €171 per hectare.
Kimberly Baker
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