The latest Land Price Survey published by the Spanish Ministry of Agriculture, corresponding to the year 2020, shows the difference in prices between the citrus cultivation lands of the Region of Valencia and those of Andalusia and Murcia. According to the document, the value of a citrus hectare in the Region of Valencia stands at an average of 36,685 Euro; that is, only 0.8% more than a year earlier. This is in contrast with the 65,344 euros/ha recorded in Murcia (+14.1%) and 44,359 euros/ha (+4.2%) in Andalusia.
It is worth noting that in the year of the pandemic, the value of citrus farms and other key crops in Valencia increased. Sources of AVA-Asaja and the Unió de Llauradors highlight that in recent years, the value of land in the Region of Valencia has experienced a slight revival "after many years of declines due to a sustained lack of profitability affecting most of the agricultural production."
Be that as it may, despite this increase, "the price of Valencian fields is still low," says Juan José Alepuz (from l'Horta Sud), an owner of orange farms.
The average price of land falls
In Spain, the average price of land has registered a slight 0.5% drop compared to the figures of the previous year, according to the Land Price Survey, and stood at 10,124 Euro per hectare. In real terms (i.e., at constant prices), the drop was more significant and reached 1.2%, down to 9,676 Euro per hectare. Thus, farmland prices recorded a 0.2% drop last year and stood at an average of 12,901 Euro per hectare.
The study of the Ministry of Agriculture says that, of the 17 autonomous regions, the average price has increased in six territories (including the Region of Valencia) that account for 40.93% of all the useful agricultural area, while it has decreased in ten, which account for 57.62%. It hasn't changed in one, which represents 1.45% of the acreage.