Abstract
The article is aimed at studying the international experience of using indices relating to agricultural markets; identifying global trends in the value of agricultural land in different world countries; analyzing the state of the agricultural land market in Ukraine since its opening. It is determined that at the international level a number of indices are being calculated, allowing to obtain assessments of both the state and the trends in the development of agricultural markets. Among them are The Indxx Global Agriculture Index (IGAI); FAO Food Price Index (FFPI); Global Farmland Index offered by Savills. It is determined that the Global Farmland Index Savills is calculated according to the average cost of agricultural land/arable land in US dollars per hectare in 15 key agricultural land markets – Argentina, Australia, Brazil, Great Britain, Denmark, Ireland, Canada, Germany, New Zealand, Poland, Romania, USA, Hungary, Uruguay, and France. The basis for comparison are the value of the year of 2002 (2002 = 100). Analysis of the agricultural land market in 15 countries showed that the highest land prices are in Germany, New Zealand, Ireland, the United Kingdom and Denmark – more than 20 thousand USD per hectare. The lowest land prices are observed in South America, as well as in Hungary and Romania. When analyzing the state of the agricultural land market since its opening on July 1, 2021, Ukraine indicates a constant increase in the number of land operations, an increase in the volume of land sold and a decrease in the weighted average value of land.
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