Updated on July 25 2023
On average, a hectare of rented land will have a market value in 2022 of €5,060, compared with €6,130 for a plot of land available for rent, a discount of 18%.
This price will rise by 3% over 2022.The difference in valuation between leased and unleased land is narrowing year after year (it was 26% in 2015 and 25% in 2012), a sign of the current attractiveness of agricultural land.
The price of leased land is usually lower than the price of free land. This is due to the particularities of the rural lease system.
When agricultural land is rented under a rural lease, the farmer is in place for a minimum of 9 years and also benefits from a right to renewal at the end of the lease. Apart from cases where the farmer retires, the lessor takes over the farm (under certain conditions), or where there is a fault in the execution of the lease, the lease is intended to continue. The desire to sell the land is not, for the landowner, a valid reason for not renewing the lease.
Therefore, where the land is leased, the lessor who wishes to sell may do so:
And the farmer will always have a preferential right to buy the land and can also appeal to the Tribunal Paritaire des Baux Ruraux if the proposed transfer price seems excessive.
In practice, this complex legal situation results in a discount of up to 30% compared to the price of free land in some regions.
Buying farmland for an investor is an investment that has advantages but also constraints.
In summary, investment in agricultural land can be of interest to the estate. The characteristics of this type of asset must be taken into account, as well as the asset situation and objectives of each individual.
Région | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022/2012 |
Auvergne-Rhône-Alpes | 3 430 | 3 550 | 3 570 | 3 590 | 3 580 | 3 570 | 3 810 | 3 670 | 3 840 | 3 800 | 3 870 | 13% |
Bourgogne-Franche-Comté | 2 450 | 2 520 | 2 590 | 2 600 | 2 580 | 2 610 | 2 620 | 2 610 | 2 650 | 2 560 | 2 650 | 8% |
Bretagne | 4 050 | 4 160 | 4 280 | 4 420 | 4 560 | 4 580 | 4 590 | 4 660 | 4 830 | 4 830 | 4 920 | 21% |
Centre-Val de Loire | 4 340 | 4 260 | 4 650 | 4 570 | 4 820 | 4 930 | 5 010 | 5 030 | 5 150 | 5 080 | 5 430 | 25% |
Grand Est | 5 480 | 5 860 | 5 980 | 6 220 | 6 100 | 6 450 | 6 330 | 6 400 | 6 580 | 6 660 | 6 720 | 23% |
Hauts-de-France | 5 000 | 5 310 | 5 460 | 5 730 | 5 870 | 6 150 | 6 310 | 6 280 | 6 520 | 6 640 | 6 880 | 38% |
Ile-de-France | 5 420 | 5 930 | 6 020 | 5 750 | 5 790 | 6 490 | 6 060 | 6 210 | 6 640 | 6 570 | 6 640 | 23% |
Normandie | 5 750 | 5 890 | 6 410 | 6 570 | 6 690 | 6 700 | 6 940 | 7 050 | 7 540 | 7 330 | 7 500 | 30% |
Nouvelle-Aquitaine | 2 990 | 3 240 | 3 290 | 3 230 | 3 420 | 3 490 | 3 480 | 3 540 | 3 620 | 3 590 | 3 720 | 24% |
Occitanie | Lack of data | |||||||||||
Pays de la Loire | 2 620 | 2 750 | 2 860 | 2 810 | 2 910 | 2 910 | 3 040 | 3 050 | 3 060 | 3 110 | 3 180 | 21% |
Provence-Alpes-Cote d'Azur | Lack of data | |||||||||||
France Métropolitaine | 4 060 | 4 240 | 4 410 | 4 470 | 4 550 | 4 690 | 4 740 | 4 760 | 4930 | 4910 | 5060 | 25% |
Source : SAFER 2022
The Statistics and Forecasting Service (SSP) of the Ministry of Agriculture and Food publishes an annual document on the market value of land in France. This publication is produced jointly with the Fédération nationale des sociétés d'aménagement foncier et d'établissement rural (FNSAFER).
These values are calculated from the data of the SAFER on the basis of the notifications made to it on sales of agricultural land free of rural leases in France.
The annual price is first calculated per small agricultural region grouped together. This is a gross three-year average price per hectare from the three-year sample. Sales of less than 70 ares, containing buildings or considered outliers are removed from the calculation bases. Then averages are calculated at county and regional level.
"The price information used for these calculations comes from the rural land market observatory set up by the Safer. This is based on all the notifications of proposed sales that notaries are required to send to Safer under the Rural and Maritime Fishing Code. This information covers the entire market for natural areas (agricultural and forestry). It makes it possible to monitor the flow of the land market and measure the evolution of real estate prices.
All prices indicated are calculated on the basis of transaction values. They thus reflect the state of the agricultural land sales market.
Two calculation methods coexist depending on the geographical level considered:
- three-year averages are calculated at the level of small agricultural regions1 (sub-departmental zoning) and departments;
- annual regional and national prices are calculated from annual regional indices defined by hedonic models. These econometric models make it possible to estimate an annual price change, which neutralises the change in the quality of goods offered for sale from one year to the next.