The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study)
Each year, around 2% of the four million hectares of farmland in Czechia changes owners. However, after years of significant growth in prices, a slowdown in pace and demand is expected. Rising interest rates, a strengthening of the crown and legislative changes in 2018 have influenced the price of f...
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doaj-6293656da1d9458e99b35c5a4e41adb32020-11-25T03:01:03ZengMDPI AGSustainability2071-10502020-07-01125622562210.3390/su12145622The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study)Tomáš Seeman0Karel Šrédl1Marie Prášilová2Roman Svoboda3Department of Economic Theories, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech RepublicDepartment of Economic Theories, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech RepublicDepartment of Statistics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech RepublicDepartment of Economic Theories, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech RepublicEach year, around 2% of the four million hectares of farmland in Czechia changes owners. However, after years of significant growth in prices, a slowdown in pace and demand is expected. Rising interest rates, a strengthening of the crown and legislative changes in 2018 have influenced the price of farmland. Yet the prices of farmland in Czechia are a third of those in the countries of Western Europe, and so it still represents an interesting opportunity for investors. Currently, land is bought primarily by the farmers who work it. In Czechia, 80% of farmers farm on hired land, and rent increases are starting to be an issue for many of them. The return on the investment in agricultural land is currently around 50 years for an owner and 25 years for a farmer working the land. As research has shown, the price of farmland is an important factor in the sustainable development of agriculture in Czechia, along with the greening of production and the fight against soil erosion and the effects of climate change.https://www.mdpi.com/2071-1050/12/14/5622agricultureCzechiafarmlandfarmland pricefundsrent |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Tomáš Seeman Karel Šrédl Marie Prášilová Roman Svoboda |
spellingShingle |
Tomáš Seeman Karel Šrédl Marie Prášilová Roman Svoboda The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study) Sustainability agriculture Czechia farmland farmland price funds rent |
author_facet |
Tomáš Seeman Karel Šrédl Marie Prášilová Roman Svoboda |
author_sort |
Tomáš Seeman |
title |
The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study) |
title_short |
The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study) |
title_full |
The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study) |
title_fullStr |
The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study) |
title_full_unstemmed |
The Price of Farmland as a Factor in the Sustainable Development of Czech Agriculture (A Case Study) |
title_sort |
price of farmland as a factor in the sustainable development of czech agriculture (a case study) |
publisher |
MDPI AG |
series |
Sustainability |
issn |
2071-1050 |
publishDate |
2020-07-01 |
description |
Each year, around 2% of the four million hectares of farmland in Czechia changes owners. However, after years of significant growth in prices, a slowdown in pace and demand is expected. Rising interest rates, a strengthening of the crown and legislative changes in 2018 have influenced the price of farmland. Yet the prices of farmland in Czechia are a third of those in the countries of Western Europe, and so it still represents an interesting opportunity for investors. Currently, land is bought primarily by the farmers who work it. In Czechia, 80% of farmers farm on hired land, and rent increases are starting to be an issue for many of them. The return on the investment in agricultural land is currently around 50 years for an owner and 25 years for a farmer working the land. As research has shown, the price of farmland is an important factor in the sustainable development of agriculture in Czechia, along with the greening of production and the fight against soil erosion and the effects of climate change. |
topic |
agriculture Czechia farmland farmland price funds rent |
url |
https://www.mdpi.com/2071-1050/12/14/5622 |
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