Land prices 2014

Statistical information of the Ministry of Agriculture about all land transactions of 10 hectares and more was published this week. The report (in spanish) can be sent to you upon request.

The report shows that there were 1.257 transactions throughout 2014 covering 178.389 hectares. The average price per hectare being 3.934 USD. This is equivalent to 1.593 USD per acre.

The highest prices per hectare were realized in Soriano (6.695 USD), San José (6.667 USD) and Rio Negro (6.264 USD). The lowest average price per hectare exists in Tacuarembó (2.240 USD).

The average size of a plot being sold was 142 hectares. 75% of all transactions refer to plots between 10 and 100 hectares. These plots obviously have more a recreational or residential purpose rather than commercial farming.

Transactions over 500 hectares need to be presented to the Institute of Colonization. We have previously reported on the average prices of these transactions that show a more accurate account of commercial farmland.