AGRICULTURAL LAND MARKET IN POLAND AND THE EUROPEAN UNION

The aim of this study was to compare the agricultural land market in Poland and in the selected countries of the European Union. The present paper compares the price changes of agricultural land in Poland and the EU. This research contains the information on institutions involved in agricultural land management in the selected EU countries. The paper presents the current state of the Polish market and its prospects for the land. Therefore, the development of the agricultural real estate market in Poland covers the years from 2004 to 2012. Agricultural land market can be described by agricultural land resources, a form of possession of land, soil quality, lease payments, and agricultural land prices. Agricultural land market in Poland is in a constant stage of development. However, it is difficult to determine the size of agricultural real estate because it does not lead to transaction summary records of the transfer of agricultural land. The main characteristic of the agricultural market is the price. Agricultural land market in Poland is of a great interest to investors despite some problems related with the lack of liquidity of the land. One believes that the land market opening to foreigners should stabilise the agricultural land market in the short term.