The Land Prices Survey 2007, published by the Spanish Ministry of Agriculture, Fisheries and Food (MAPA), has revealed an increase of 2 % in current prices, although given the 1.2 % rise of the Gross Domestic Product (GDP), the real growth stands at 0.8 %.
Agricultural land reaches the highest prices in irrigated areas used for the cultivation of greenhouse vegetables (178,389 €/ha, + 10% compared to 2016), fruit trees of subtropical climate (113,576 €/ha, -1,1%), olives for processing (42,007 €/ha, +0.6%) and citrus fruits (39,680 €/ha, +3.6%).
They are followed by the irrigated land devoted to table grapes and raisins (36,180 €/ha, +13.6%. This is the highest growing category), irrigated open ground vegetables (34,999 €/ha, +1.7%) and rice (+0.3%) and irrigated table olives (+2.3%), both with a price of 29,239 €/ha.
In contrast, the cheapest lands are those devoted to rainfed crops, specifically subtropical ones (6,234 €/ha); herbaceous and fallow (6,987 €/ha); dried fruits (8,720 €/ha), temperate climate fruit trees (8,720 €/ha) and grapes for wine (13,563 €/ha), table grapes and raisins (13,653 €/ha) and table olives (15,114 €/ha ).
The Canary Islands is, by far, the region with the highest average price (86,072 €/ha, -0.6%), followed by Andalusia (19,957 €/ha, +2.4%), the Balearic Islands (19,613 €/ha, +2.2%); the Region of Valencia (18,788 €/ha, +3.6%) and Murcia (17,988 €/ha, +5.1%). Last in the ranking are Extremadura (4,149 €/ha, +4.4%) and Aragón (5,194 €/ha ,-1.5%). The regions where the price of each hectare devoted to agriculture increased the most were La Rioja (12,800 €/ha, +6.9%) and Madrid (7,479 €/ha, +6%).
Source: efeagro.com