Eurostat said the data reflects developments in agricultural land prices and rents across the European Union. At the other end of the scale, Latvia recorded the lowest average arable land price at €4,825 per hectare. Renting one hectare of arable land was most expensive in the Netherlands, where the average annual cost reached €941. In contrast, Slovakia recorded the lowest land rental prices, at an average of €69 per hectare per year. Malta also ranked among the countries with the lowest rental prices, at an average of €92 per hectare annually.