Abstract:

The market price of farmland in the Czech Republic has been rising significantly. However, these prices reach only one third of those in Western Europe; thus, the farmland presents an interesting investment opportunity. But the farmland is difficult to obtain, since the majority of Czech farmers still farm on leased land. Further, the area of agricultural plots is among the smallest in Europe, while an average size of fields is among the largest ones. The objective of this paper is to describe the development of farmland prices in the Czech Republic and to analyse causes and impacts of this development on the land ownership structure in the country.