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Agricultural Land Market In Slovakia Under The New Land Acquisition Law

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  • DRABIK, Dušan
  • RAJČÁNIOVÁ, Miroslava

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.

Suggested Citation

  • DRABIK, Dušan & RAJČÁNIOVÁ, Miroslava, 2014. "Agricultural Land Market In Slovakia Under The New Land Acquisition Law," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(2), pages 1-4, October.
    • Handle: RePEc:ags:roaaec:196627
    DOI: 10.22004/ag.econ.196627
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    References listed on IDEAS

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    1. Ciaian, Pavel, & Kancs, d’Artis & Swinnen, Jo & Van Herck, Kristine & Vranken, Liesbet, 2012. "Key Issues and Developments in Farmland Sales Markets in the EU Member States and Candidate Countries," Factor Markets Working Papers 114, Centre for European Policy Studies.
    2. Ciaian, Pavel & Kancs, d'Artis & Swinnen, Johan F.M. & Van Herck, Kristine & Vranken, Liesbet, 2012. "Rental Market Regulations for Agricultural Land in EU Member States and Candidate Countries," Working papers 120250, Factor Markets, Centre for European Policy Studies.
    3. Ciaian, Pavel, & Kancs, d’Artis & Swinnen, Jo & Van Herck, Kristine & Vranken, Liesbet, 2012. "Sales Market Regulations for Agricultural Land in EU Member States and Candidate Countries," Factor Markets Working Papers 116, Centre for European Policy Studies.
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    Cited by:

    1. Agnieszka Stacherzak & Maria Hełdak & Ladislav Hájek & Katarzyna Przybyła, 2019. "State Interventionism in Agricultural Land Turnover in Poland," Sustainability, MDPI, vol. 11(6), pages 1-13, March.
    2. Pavel Ciaian & Dusan Drabik & Jan Falkowski & d'Artis Kancs, 2016. "Market Impacts of New Land Market Regulations in Eastern EU Member States," EERI Research Paper Series EERI RP 2016/02, Economics and Econometrics Research Institute (EERI), Brussels.
    3. Sabina Zrobek & Oleksandra Kovalyshyn & Małgorzata Renigier‐Biłozor & Stepan Kovalyshyn & Oleg Kovalyshyn, 2020. "Fuzzy logic method of valuation supporting sustainable development of the agricultural land market," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1094-1105, September.
    4. Kowalczyk, Cezary & Nowak, Magdalena & Źróbek, Sabina, 2019. "The concept of studying the impact of legal changes on the agricultural real estate market," Land Use Policy, Elsevier, vol. 86(C), pages 229-237.
    5. Jarmila Lazíková & Anna Bandlerová & Ivan Takáč & Ľubica Rumanovská & Oľga Roháčiková & Zuzana Lazíková, 2019. "Agricultural Land Protection – The Case Of Slovakia," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 13(1), pages 385-398.

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