Russia Agri Land Relative Bargain Among World’s Wheat Exporters

The third largest exporter of wheat in the world as of last season’s harvest, Russia has the least expensive land among six grain exporting regions.

Data analyzed by the SovEcon consultancy revealed that Russia’s most expensive farmland is in the southern Krasnodar region. Land there sells for an average of $1,711 per hectare (2.47 acres) which is cheaper than land in the United States, European Union, Brazil and Argentina.

In France and Germany a hectare costs about $11,250 on average; about $9,000 per hectare in the United States; in Brazil about $7,000 per hectare; and in the eastern EU and Argentina $4,500 per hectare, according to market research from SovEcon.

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