2nd update. 24 large farmland transactions were presented to the Institute of Colonization in the first half of 2017. These transactions led to a total investment of 139 Million US dollar. All transactions of properties over 500 hectares and a CONEAT index of 100 or more need to be presented to this authority. This does not include the transactions of smaller plots of land. It gives the most accurate indication of current values for commercial farmland in Uruguay.
The total area transferred was 33.212 hectares. The average price per hectare is 3.841 USD or 1.555 USD per acre. These figures show a decrease in farmland area, total investment and number of transactions as compared to the first half of 2016. However these records do not include large transactions such as the sale of 120.000 hectares owned by Weyerhauser as it consisted of a transfer of shares. The same thing has happened with sales of large international agro funds.
Transactions were done in different regions of Uruguay with a clear preference for north and central Uruguay. This is clearly a result of the renewed interest in timberland in Uruguay with the future construction of a new pulp mill by UPM in central Uruguay.
Prices of cattle land have decreased the most and are now back to more market conform levels. Upon request we can provide more details about regional differences and soil quality.