Cost of farmland across the EU climbs sharply

The average price of one hectare of arable land in the European Union reached €15,224 in 2024, marking a rise of 6.1 per cent compared with €14,343 in 2023, according to new data released by Eurostat today.

The figures also showed that the average annual rental price of arable land and permanent grassland increased to €295 per hectare in 2024.

This represented an increase of 6.4 per cent compared with the average rent of €277 recorded in 2023.

Eurostat said the data...