Global view: Cost of land per tonne of wheat

摘要

UK land prices per tonne of wheat are some of the highest in the world, but farmland values are affected by multiple factors. Ben Pike and Jez Fredenburgh take a look at key influence.Average seven-year global wheat yields have increased 7% over the past five years, while land prices have risen 13%. As a result, the average cost of land per tonne of wheat has risen 8.6°/o globally since 2010 (see map).Land values worldwide have grown 14.8% since 2002, according to Savills Global Farmland Index, although this has slowed over the past five years.