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Farmland Prices in France 2019

A review of the movement in prices for agricultural land in each department of France between 2010-2019.

Last year, 425,000 hectares of farmland in France changed hands, a national record, representing around 2% of the total agricultural surface, excluding vineyards.

The total sales value of €5.3 million, paid by nearly 100,000 buyers, was also the highest on record. In most cases the sale was for only a few hectares of land.

SAFER, the rural land agency, consider that the increase in sales was due primarily to a wave of retirements as well as a large increase in purchases by tenant farmers. They consider that the livestock crisis in France, with many farmers facing significant difficulties, may also explain this increase, either to recapitalise the farm or to sell outright.

Around half of the sales were to tenant farmers already installed on the land, whose interests are keenly protected by SAFER, with both benefiting from a right of pre-emption.

Around 20% of sales of non-tenanted land was to non-agricultural buyers, most of whom are investors who seek a change of planning use on the land or who simply rent the land for continued agricultural use.

In terms of prices, the national average for untenanted agricultural land was €6,000/hectare, but with variations depending on use. For arable land the national average was €7,290/hectare, for mixed-crop and livestock land €5,970/hectare and for grazing land €4,670/hectare.

Prices are lower where the land is sold to a tenant farmer, who is in a position of strengh with the landowner, due to the security of tenure granted to farmers. The national average selling price for such land was €4,760, with variations as above by type of land.

On a national level prices have remained broadly stable for at least five years. Indeed, as can be seen below, over ten years prices have remained relatively stagnant in most areas of the country.

As might be expected, there are significant variations in prices across the country, from an average of €2,380/ha in the department of Saône-et-Loire (Bourgogne-Franche-Comté) to over €16,000/ha in the Bouches-du-Rhône (Provence-Alpes-Côte d'Azur).

At a regional level, the most expensive region for farmland in France is around the Paris Basin, and in the departments of Bouches-du-Rhône and Nord-Pas-de-Calais.

Lowest average prices are in Bourgogne-Franche-Comté and Pay de la Loire, regions where there is a high concentration of land for grazing of livestock.

The table below shows the average prices in each department for 2010 and 2019, using a three-year rolling average for each year. The figures are for untenanted land without buildings, and excludes vineyards.

Prices within departments are by no means uniform, with sometimes significant variations between different areas, so the information should only be used as a general guide.



Agricultural Land Prices/HA 2010- 2019
Region/Dept
Average 2010Average 2019
AUVERGNE-RHONE-ALPES
Ain €3,310€3,830
Allier €3,520
€3,980
Ardèche €5,200€4,450
Cantal €6,090€6,230
Drôme €6,340€7,200
Isère €5,950€4,630
Haute-Loire €3,350€4,020
Loire €3,530€3,380
Puy-de-Dôme€3,590€4,280
Rhône €5,040€4,640
Haute-Savoie €9,250€8,330
Savoie€6,310€4,840
BOURGOGNE FRANCHE-COMTE
Belfort
€3,500€3,460
Côte-d'Or€2,690€3,050
Doubs
€2,430€2,730
Haute-Saône€2,320€2,540
Jura
€2,100€2,400
Nièvre€2,770€3,010
Saône-et-Loire€2,350€2,380
Yonne
€3,180€3,550
BRITTANY
Côte d'Amour€4,040€5,250
Finistère€4,240€4,990
IIe-et-Vilaine €4,290€5,070
Morbihan
€3,270€4,900
CENTRE-VAL DE LOIRE
Cher
€3,740€5,530
Eure-et-Loir
€4,640€9,210
Indre
€3,170€5,590
Indre-et-Loire
€2,930€5,020
Loir-et-Cher
€3,330€4,580
Loiret
€4,360€5,440
GRAND EST
Ardennes
€5,150€6,310
Aube
€7,650€9,600
Haute-Marne
€2,780€3,600
Marne
€7,590€10,510
Meurthe-et-Moselle
€3,800€5,250
Meuse
€3,910€5,350
Moselle
€4,360€5,750
Bas-Rhin
€6,130€7,190
Haut-Rhin
€6,600€7,000
Vosges
€3,380€3,410
HAUTS DE FRANCE
Aisne €6,660€8,490
Nord €9,090€13,340
Oise €6,670€10,260
Pas-de-Calais€9,380€11,850
Somme €7,470€10,150
ILE-DE-FRANCE
Parisn/a
n/a
Seine-Saint-Denisn/an/a
Haute-de-Seinen/an/a
Val-et-Marne n/an/a
Val d'Oise €8,120€8,360
Yvelines€7,300€9,950
Essonne €7,480€8,900
Seine-et-Marne€6,160€7,310
NORMANDY
Calvados
€6,730
€8,770
Manche
€5,710
€7,300
Orne
€4,890
€6,910
Eure
€7,000
€8,750
Seine-Maritime
€7,910
€10,030
NOUVELLE-AQUITAINE
Charente €3,610€4,310
Charente-Maritime €3,960€5,240
Corrèze €3,930€3,400
Creuse
€2,560€2,780
Deux-Sèvres€2,800€3,380
Dordogne€4,160€5,260
Gironde
€4,900€6,140
Landes€7,190€8,720
Lot-et-Garonne€5,150€8,350
Pyrénées-Atlantiques€6,760€7,280
Haute-Vienne
€2,980€3,130
Vienne
€3,550€5,400
OCCITANIE
Ariège€4,200€5,170
Aude
€6,450
€7,150
Aveyron€6,470
€7,400
Gard
€ 8,810
€10,610
Gers
€5,020€7,280
Haute-Garonne
€5,640€7,840
Hautes-Pyrénées
€5,560
€7,260
Hérault
€7,790
€9,280
Lot
€5,010
€5,910
Lozère
€4,140
€3,890
Pyrénées-Orientales
€9,740
€7,950
Tarn
€5,110€6,480
Tarn-et-Garonne
€4,840
€6,520
PAYS DE LA LOIRE
Loire-Atlantique
€2,270
€2,390
Maine-et-Loire
€2,870
€3,440
Mayenne
€5,200
€6,340
Sarthe
€3,680€4,270
Vendée
€2,490
€2,660
PROVENCE-ALPES-COTE D'AZUR
Alpes-de-Haute-Provence
€6,660
€6,510
Alpes-Maritimes
NS
NS
Bouches-du-Rhône
€16,740
€16,290
Hautes-Alpes€11,700
€7,740
Var
€16,250
€12,290
Vaucluse
€12,990
€13,970

Source: Terres d’Europe-Scafr, Safer and SSP

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This article was featured in our Newsletter dated 11/08/2020





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