Trends in agricultural land prices in Poland and in the European Union

The article aims to identify the agricultural land price trends in Poland and the European Union (EU) from 2013 to 2022. The study encompasses EU member countries for which data on arable land prices and permanent grassland prices for 2013-2022 are available. The analysis showed that prices of arable land and permanent grassland increased noticeably during the ten years in most countries. In Poland, they doubled. The countries that recorded a decline belonged to old EU members. Arable land prices were higher than grassland prices. In several countries, the differences were significant. Over the ten years, the price advantage for arable land on permanent grassland increased in most countries surveyed. The annual growth rates fluctuated noticeably. The spectacular high changes occurred mainly in post-socialistic countries due to changes in law. Price growth in the old Member States was generally lower than in post socialist countries. The spread of agricultural land prices between countries has declined. These phenomena prove the slow process of convergence of agricultural land prices. The COVID-19 pandemic has affected agricultural land prices. It shifted the prices up.