36,400 euros/ha is the average value of land in olive groves reached in Spain in 2023

Published Jan 24, 2024

Tridge summary

The 2023 Agrarian Land in Spain report by Tinsa Studies Service reveals that drought and changing weather patterns have negatively impacted agricultural production, leading to lower yields but stable land prices. Despite these challenges, some crops have managed to balance the reduced production with higher product prices. Notably, while olive grove production has significantly decreased, the rise in the final product price has compensated for the increased production costs. The value of irrigated olive grove soils has remained steady since 2022, but dryland soils have seen a slight decrease.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, the drought and the alteration of weather patterns have led to a reduction in production in an agricultural sector that was already being penalized by a marked inflation in its production costs. In several cases, smaller harvests have allowed higher production costs to be passed on to the price of food, limiting the impact of this situation on the profitability of agricultural operations. For those crops that have not been able to offset their drop in volume with product price increases, this current situation has not had a significant impact on land prices either, which have generally remained stable, with moderate increases. in some crops, generally more pronounced in the irrigated modality. These are some of the key points highlighted in the Agrarian Land in Spain 2023 report prepared by the Tinsa Studies Service, the largest rural property valuation company in Spain, with more than three million hectares appraised since 2008. This annual report, which Now in its ...

Source: Oleorevista