Southwest Spain

Huelva farms: Water rights are crucial in pricing

The acquisition of Atlantic Blue - worth $ 280 million - by Chilean company Hortifrut gives an account of the value at which Huelva agriculture is listed on the market. Of course, water is key in this agricultural setting. The president of the Irrigation Community of El Fresno, Angel Gorostidi, says it is not possible to adequately grow soft fruits such as strawberries, raspberries, blueberries, and blackberries without water, while these offer the most profitability.

Gorostidi indicates that water rights can double the value of land, although some farmers detail that this value can be multiplied if, in addition, surface water is available.

Rafael Padilla, a lawyer specializing in real estate advice indicates that, while in the vicinity of the County or the Coast a rainfed farm is priced at around 10.000 or 12.000 euros, that same irrigated area reaches 60.000 or 100.000 euros. It is clear that water rights and availability determine the value of the land.

The prices of the farms with all legal irrigation rights have not stopped rising in the North Crown of Doñana, which includes the municipalities of Almonte, Rociana del Condado, Bonares, Lucena del Puerto, and Moguer.

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