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Agricultural Land Prices in France 2015

Tuesday 05 July 2016

The price of agricultural land in France increased by an average of 1.6% in 2015, to reach €6,010/hectare, according to SAFER, the French rural land agency.

The increase last year is a more modest rise from the larger increases of 2.9% in 2014 and 6.3% in 2013,

However, as usual, there were significant variations in price movements between and within the regions.

Thus, whilst there were significant double digit increases in the regions of Centre (+11%), Champagne-Ardenne (+13%) and Languedoc-Roussillon (10%), prices in several regions actually fell, notably in Franche-Comté (-12%) and Alsace (-8%).

Similarly, there are significant variations in the value of agricultural land, depending on its use and classification.

When different types of agricultural use are separated out a price hierarchy emerges, with the price of land under cereal crop production averaging €7,230/ha, mixed use was €5,620/ha, whilst that for pasture land for grazing livestock was €4,500/ha.

By way of illustration, the average price paid for land in Limousin in 2015 was €3,110/ha, yet the prices actually paid ranged from €1,000/ha to around €10,000/ha.

Similarly, in the region of Aquitaine. in some parts of the Landes and Pyrénées-Atlantiques, prices of agricultural land are over €10,000 per hectare, yet most of the land in the departments of Dordogne and the Gironde can be purchased for less than €4,000/ha.

The table below shows the average prices in each region for the four years 2012-2015.

With the exception of Franche-Comté prices have increased in all regions over this period, although in most cases by only a modest amount.

At a regional level, the most expensive region for farmland in France is in Nord-Pas-de-Calais. Lowest average prices are in Franche-Comté region.

The figures are only for untenanted land. There is also a substantial market in tenanted land, whose sales last year were in excess of those of unoccupied land, and where prices averaged €4,470/ha.


Agricultural Land Prices
Region2012
2013
2014
2015
Alsace€6,650
€7,330
€7,920€7,270
Aquitaine€7,320€7,540€7,610€7,670
Auvergne€4,310€4,640€4,590€4,830
Burgundy€3,130€3,170€3,030€3,160
Brittany€5,020€5,240€5,450€5,620
Centre€5,070€5,300€5,230€5,780
Champagne-Ardenne€6,520€6,730€6,790€7,670
Franche-Comté€2,610€2,530€2,730€2,400
Ile-de-France€6,280€7,970€9,190€7,620
Languedoc-Roussillon€5,240€5,300€5,600€6,410
Limousin€2,890€3,130€3,410€3,110
Lorraine€4,650€5,170€5,130€5,180
Lower Normandy€6,570€6,980€7,140€7,510
Midi-Pyrenees€6,080€6,500€6,770€6,960
Nord-Pas-De-Calais€11,980€12,340€13,340€13,360
Pays de la Loire€3,420€3,600€3,650€3,670
Picardy€7,580€8,130€8,400€7,940
Poitou-Charentes€3,850€4,300€4,650€4,430
Provence Alpes Côte d'Azur€10,480€11,320€10,540€10,900
Rhône-Alpes€4,690€4,750€5,240€5,060
Upper Normandy€7,980€9,080€8,870€9,560

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


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