“Record High Prices for Agricultural Land in 2022: Safer’s Annual Report”

2023-05-26 08:54:32

It is now necessary to count more than 6000 euros per hectare for rural land, a record since 1997.

Agricultural land sold at high prices in 2022 and its artificialization fell to its lowest “for thirty years”, rural land regulator Safer announced on Thursday during the presentation of its annual report.

According to the national federation of land development and rural settlement companies (Safer), the average price of agricultural land and undeveloped free meadows has started to rise once more compared to 2021 (+ 3.2%) to reach 6130 euros per hectare, a record since 1997. The volume of free and rented surfaces sold, which amounts to 480,000 hectares (+ 2.7%), has also reached “a peak” since 1994.

However, the price differences are increasingly significant depending on the nature and location of the land: the federation notes more and more difficulties in finding a buyer for certain dairy farms, or for land that is not not possible to irrigate.

In addition, the proportion of farmers who buy these lands and meadows (51% in 2022), is “intended to decrease” with the rise of agricultural exploitation and land holding companies, which can bring in non- operators with capital and last year acquired 24% of the areas sold.

According to Loïc Jégouzo, deputy director of studies at FNSafer, the price of wine estates soared in 2022 “in Val-de-Loire Centre, Champagne, Burgundy”, while that of vines in the Bordeaux appellation fell. for the fourth year.

Emmanuel Hyest, president of the federation, welcomed the “decline in the urbanization market”, and the fact that the various actors “integrate the fact of protecting agricultural land”.

Less land sold to build housing

Last year, 20,000 hectares were sold to be transformed into housing or business areas, a figure “at the lowest for thirty years”, with a drop in the volume of surfaces intended for urbanization estimated at 46%.

The total number of rural land transactions (agricultural land, forest and country houses) fell by 6% compared to the previous year, a drop equivalent to that of their sale price, whose total value reached 46.2 Billions of Euro’s.

Disposals of shares and shares of agricultural companies increased in an unprecedented way in 2022, with a 25% increase in transactions (for a value of 3 billion euros), just before the entry into force of the law Sempastous in early 2023, supposed to better regulate access to agricultural land in the face of the appetites of investment companies.

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