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
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