🇱🇻 Latvia · Eurostat

Farmland prices and rents in Latvia

Arable land in Latvia cost an average of EUR 4,825 per hectare in 2024, and permanent grassland EUR 3,642. Renting a hectare of farmland cost EUR 111 for a year in 2024. The price of arable land rose by 23% in five years.

Arable land, 2024: EUR 4,825 per ha
Permanent grassland, 2024: EUR 3,642 per ha
Rent for a year, 2024: EUR 111 per ha
Arable land, 5-year change: +23%

Key takeaways

Arable land in Latvia cost EUR 4,825 per hectare in 2024, 68% below the EU average (EUR 15,224): the 22nd highest of 22 countries reporting that year.
Over five years the price rose by 23% (EU: +24%).
Renting a hectare cost EUR 111 for a year in 2024.
Buying a hectare of arable land cost the equivalent of 43 years of rent in 2024.

Price of farmland in Latvia, EUR per hectare

Arable landPermanent grassland

Rent for one year, EUR per hectare

Year by year, EUR per hectare

Year	Arable land	Permanent grassland	Rent, all farmland
2024	4,825	3,642	111
2023	4,591	3,367	101
2022	4,420^p	3,007^p	92
2021	4,331	2,752	83
2020	4,182	2,255	71
2019	3,922	2,163	64
2018	3,856	2,117	62
2017	2,975	1,663	57
2016	2,917	1,635	46
2015	2,654	1,526	43
2014	2,552	1,371	38
2013	4,980	2,140	71
2012	4,475	1,521	67
2011	2,336	943	57

Letters after a figure come from Eurostat: e = estimated, p = provisional, d = definition differs, b = break in series. Husfarm leaves out zero values and figures that differ from the rest of a series by a factor of four or more, which points to a different unit or definition. Charts and five-year changes start after the latest break in a series.

Farm economics on Husfarm

Farm input pricesFertiliser, energy, feed and seed price indices for the EU and 27 countries.Farm margin calculatorRevenue, input costs and margin per hectare.Exchange ratesConvert land prices between EUR, PLN, USD, CAD and other currencies.Monthly market review, October 2026Crop and food wholesale prices behind farm incomes.

Questions and answers

How much does a hectare of farmland cost in Latvia?

Eurostat puts the average price of arable land in Latvia at EUR 4,825 per hectare in 2024, and of permanent grassland at EUR 3,642 (2024).

How much is farmland rent in Latvia?

Renting a hectare cost on average EUR 111 for a year in 2024.

Are farmland prices rising in Latvia?

The average price of arable land rose by 23% between 2019 and 2024, from EUR 3,922 to EUR 4,825 per hectare.

Sources

Eurostat: Agricultural land prices by region (apri_lprc) and Agricultural land renting prices for one year by region (apri_lrnt), last updated 10 July 2026. Prices · Rents. Licence: CC BY 4.0; charts and changes calculated by Husfarm.
Other publishers of farmland prices and rents, country by country: farmland price sources in the Husfarm directory.