EU arable land prices rise 6.1% in 2024, Eurostat says Rents also climb as Netherlands tops land cost rankings29 January 2026 29 January 2026 1 minute read 1 minute read By: By: Global Ag MediaIn 2024, the average price of 1 hectare of arable land in the EU was an estimated €15 224, an increase of 6.1% compared with 2023 (€14 343), according to a recent report from Eurostat. The average annual rental price of arable land and permanent grassland was an estimated €295 per hectare, an increase of 6.4% compared with 2023 (€277). This information comes from data on agricultural land prices and rents published by Eurostat today. The lowest average arable land prices were recorded in Latvia (€4 825 for 1 hectare), Lithuania (€5 590) and Slovakia (€5 823). Renting 1 hectare of arable land was most expensive in the Netherlands, at an average €941 a year, followed by Denmark (€580) and Greece (€509).