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  • Dataset | 16 Oct 2015

Land prices and rents - annual data

Bioeconomy

Data on land prices and rents by type of agricultural land (irrigated/non-irrigated arable land, meadows, etc.) expressed in euro per hectare and national currency per hectare.

Prices are obtained by the Member States from a wide variety of sources, like the following: - Samples to producers which make direct sales - Records of transaction as part of an administrative process - Administered prices - Enquiries to bodies purchasing or selling the agricultural products and/or inputs.

Although much progress has already been made in the harmonisation of the time series across Member States, caution must still be exercised when comparing the actual agricultural prices among Member States. Differences in the prices can still reflect methodological differences (for example different form of commercialisation of the product concerned) and not factual differences in every case in the prices themselves. Hence, the user of the data should always refer to the description of the data as provided by the target definition.

Whilst the purpose of agricultural price indices is to reveal trends in the prices of individual agricultural products or product groups, the purpose of the Statistics of Absolute Agricultural Prices is ‑ above all ‑ a dual one: they are used for (1) comparisons between Member States and (2) for economic analyses. Absolute agricultural prices (especially aggregated prices) are needed for many model calculations and for the determination of price elasticities.