AGRICULTURAL LAND MARKET IN SLOVAKIA UNDER THE NEW LAND ACQUISITION LAW

Review of Agricultural and Applied Economics, RAAE, VOL.17, No. 2/2014

ARTICLE TYPE: DISCUSSION PAPER
PUBLISHED: 27.10.2014
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KEYWORDS:
agricultural land, prices, market, law, Slovakia
DOI NUMBER:
10.15414/raae.2014.17.02.84-87
ABSTRACT:
This paper discusses recent developments in the market for agricultural land in Slovakia related to the new law on land acquisition. The stated objective of this law is to protect agricultural land from non-agricultural use. We analyze land-related data as reported by sellers in the newly established Registry of offers of agricultural land administered by the Ministry of Agriculture and Rural Development. Our results show that the regions with the most fertile soils are not the ones with the highest average land prices. Moreover, we show that the average regional prices are very sensitive to price outliers. For example, the average price for agricultural land in Slovakia is 27,200 EUR per hectare. However, this price falls down to 6,300 EUR per hectare if only observations with prices below 10,000 EUR per hectare are considered.
JEL CODES:
Q11, Q15
PAGES:
84 - 87
Please Cite this Article published as:

Dušan DRABIK, Miroslava RAJČÁNIOVÁ (2014) Agricultural Land Market In Slovakia Under The New Land Acquisition Law. Review of Agricultural and Applied Economics. XVII (Number 2, 2014): 84-87. doi: 10.15414/raae.2014.17.02.84-87
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Review of Agricultural and Applied Economics | ISSN 1336-9261
Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia.
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