Agricultural Land Prices by Country: 5 Cheapest Places

In this article, we will discuss the cheapest agricultural land prices by country. If you want to read our discussion on the agriculture industry, you can go directly to the Agricultural Land Prices by Country: 20 Cheapest Places.

5. Uruguay

Price per hectare: $3,342

Uruguay largely welcomes foreign ownership of its farmlands. The country’s agricultural market often benefits from capital inflows from neighboring Argentina during periods of political instability, providing a safe and stable environment for investment when there are uncertainties in Argentina’s market.

4. South Africa

Price per hectare: $2,900

South Africa does not allow foreign individuals to purchase its farmland to support local ownership. However, foreigners can lease agricultural land. There are also rules present for local owners, which restrict them from owning more than 1200 acres of land.

3. North Sweden

Price per hectare: $2764

Sweden supports foreign ownership of land with limitations on the size of land. These rules are implemented to keep farmlands in active use for production. The country’s agricultural output mostly consists of barley, oats, and wheat. Overall, 40% of the country’s agricultural land produces cereals.

2. Nigeria

Price per hectare: $700

Approximately 78% of Nigeria’s land is dedicated to agriculture, and about 30% of the population is employed in the sector. The agriculture sector contributes 17% to the nation’s GDP. Nigeria permits foreign ownership of agricultural land, but this requires written permission from the local governor. There is also a limitation placed on the size of land foreign individuals or entities can own, which is set at 500 hectares.

1. Cameroon

Price per hectare: $550

Around 46% of Cameroon’s population lives in rural areas as of 2022. The country permits foreign ownership of agricultural land. However, to invest more than $200,000, foreign investors are required to register with the Ministry of Finance at least 30 days in advance.

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