During the first three months of the year, 33 transactions of significant size were presented to the Institute of Colonization. Nearly 25.000 hectares were sold for an aggregated value of 87.4 M USD.
Some preliminary conclusions are that premium cropland in the west of the country maintains a strong value (between 7.500 and 10.000 USD per hectare). At the same time, we see that cattle land is still decreasing in value with prices between 2.000 and 2.500 USD per hectare in the north of Uruguay and 3.000 to 3.500 USD per hectare in the south of the country. That implies an improved profitability of cattle land where prices were somewhat inflated.
It is striking that there were several transactions at the end of last year and start of this year in the department Florida. In this region, there had been very few transactions in the last decade, but now we see several transactions. This is because it is an area with many family-owned dairy farms that are closing.
Forestry remains stable at a price level close to 3.500 USD per hectare depending on region and access.
Certain transactions were done for prices below 2.000 USD per hectare. In general, cattle land in remote areas with difficult access.