The Ministry of Livestock, Agriculture and Fisheries (“MGAP”) published its annual report on sales of agricultural land in Uruguay.
In 2019 there were 959 sales covering an area of almost 225,000 hectares. This represents an increase of 41% compared with the previous year.
The total value of the transactions in 2019 exceeded USD 751,000,000, giving an average price of USD 3,342/ha, an increase of USD 85 on the previous year's average. In the first half of the year there were 391 transactions for a total of USD 234,316,000, and in the second half 568 transactions for a total of USD 517,102,000.
The departments with the largest area traded were Cerro Largo, Tacuarembó and Treinta y Tres. The department of Salto recorded the highest average price (USD 6,124/ha), mainly due to one particular transaction (excluding it, the average would be USD 3,357/ha). It was followed by Colonia and Río Negro, with averages of USD 5,581 and USD 5,208/ha respectively. The lowest average price was in Artigas, at USD 1,896/ha.
The full report (in Spanish) is available at the following link: “PRECIO DE LA TIERRA” series: Land sales, 2019
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