The average price of land for agricultural use rose by almost 4% in Spain in 2023

The average price of land for agricultural use stood at 9,967 euros/hectare in Spain in 2023, which represents an increase of 3.9% compared to the previous year, in nominal terms (current prices), according to the report Average Annual Prices of Land for Agricultural Use published by the Ministry of Agriculture. However, in real terms (constant prices) it decreased by 2.2% (8,736 euros/hectare). Two important modifications have been introduced in this report in relation to the methodological guidelines that had been observed for this operation in previous years. On the one hand, according to the report itself, the source of information has been changed, given that the base data for the calculations are now supplied by the General Directorate of Cadastre of the Ministry of Finance. With this change in the information source indicated, the categories, classes or types of crops and uses considered in this operation are now given by the groups of crops or uses, of an agricultural ...