Despite financial crisis, Brazilian farm land values continue growing

Average price of land in Brazil rises and reaches records high in August 2009.

The average price of farm land in Brazil reached a record average of R$ 4,446 (US$ 2,429) per hectare, according to AgraFNP consultancy. The value exceeds the R$ 4,434 per hectare recorded in March and April 2004 (already deflated value), during the first Brazilian soybean boom.

By region, the price of land was:

South: R$ 9,046 p/ha
Central-Western: R$ 3,354 p/ha
Northeast: R$1,986 p/ha
North: awaiting Federal Environmental Law to be passed

Source GOAGRO for AgrifoodThink Tank