MarketAgricultural land
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Agricultural land

Agricultural land is typically land devoted to agriculture, the systematic and controlled use of other forms of life—particularly the rearing of livestock and production of crops—to produce food for humans. It is generally synonymous with both farmland or cropland, as well as pasture or rangeland.

Area
. Under the FAO's definitions above, agricultural land covers 38.4% of the world's land area as of 2011 and in 2023 4.80 billion hectares (ha), down 2 percent, or 0.07 billion ha, compared with 2000. In 2011 permanent pastures are 68.4% of all agricultural land (26.3% of global land area), arable land (row crops) is 28.4% of all agricultural land (10.9% of global land area), and permanent crops (e.g. vineyards and orchards) are 3.1% (1.2% of global land area). • Total of land used to produce food: • Arable land: • Permanent pastures: • Permanent crops: In 2022, the global agricultural land area was 4.78 billion hectares (ha), down from 4.79 billion hectares in 2021. One-third of the total agricultural land was cropland (1.58 billion ha in 2021), which increased by 6 percent (0.09 billion ha). In 2023 Asia had the largest share of the global cropland area in 2023 (37%), followed by the Americas (23%), Africa (20%), Europe (18%) and Oceania (2%). Approximately 30% of global cropland and permanent meadows and pastures can be found in three countries; 12% of global permanent meadows and pastures belonged to China, 10% to Australia and 8% to the United States of America. For the same year, the largest contributors to global cropland were India (11%), the United States of America (10%) and China (8%) File:Agricultural-area-per-capita (1).svg|Agricultural-area-per-capita. File:WORLD AGRICULTURAL LAND BY USE.svg|World agricultural land by use, permanent meadows and pastures and cropland. File:Cropland Area (2021).svg|Area used for crops by country in 2021. File:Distribution of cropland area, 2020.svg|Distribution of cropland area, 2020. File:World agricultural land area by main category, 2023.svg|World agricultural land area by main category, 2023. Asia had the largest share of the global cropland area in 2021 (37 percent), followed by the Americas (24 percent), Africa (19 percent), Europe (18 percent) and Oceania (2 percent). There were differences in cropland expansion in the different regions during this period – Oceania and Africa both had rapid growth in cropland area (33 percent and 27 percent), while Asia and the Americas had more moderate growth (4 percent and 2 percent). The cropland area of Europe declined between 2000 and 2021 by 5 percent. As a result, the cropland area of Africa overtook that of Europe in 2018. Approximately 30 percent of global cropland and permanent meadows and pastures can be found in three countries. In 2021, 12 percent of global permanent meadows and pastures belonged to China, 10 percent to Australia, and 8 percent to the United States of America. For the same year, the largest share of global cropland was in India (11 percent), followed by the United States of America (10 percent) and China (8 percent). Cropland area per capita decreased in all regions between 2000 and 2021 as population increased faster than the cropland area. The world average declined by 18 percent to 0.20 ha per capita in 2021; the decrease was the largest in Africa (−25 percent, to0.21 ha per capita), followed by the Americas and Asia (−17 percent each, to 0.37 ha per capita and 0.13 ha per capita, respectively), Europe and Oceania (−7 percent each, to 0.39 ha per capita and 0.77 ha per capita, respectively). The countries with the highest cropland area per capita are Kazakhstan, Australia and Canada, due to vast areas of land available. in part due to a decrease of wool production in favor of synthetic fibers (such as polyester) and cotton. The decrease of permanent pasture, however, does not account for gross conversion (e.g. land extensively cleared for agriculture in some areas, while converted from agriculture to other uses elsewhere) and more detailed analyses have demonstrated this. For example, Lark et al. 2015 found that in the United States cropland increased by 2.98 million acres from 2008 to 2012 (comprising converted to agriculture, and converted from agriculture). Source: Helgi Library, World Bank, FAOSTAT ==Agricultural land market==
Agricultural land market
Prices and rents for agricultural land depend on supply and demand. Prices/rents rise when the supply of farmland on the market reduces. Landholders then put more land on the market – causing prices to fall. Conversely, land prices/rents fall when the demand for agricultural land declines because of falls in the returns from holding and using it. The immediate triggers for falls in land demand might be reductions in the demand for farm produce or in relevant government subsidies and tax reliefs. Russia The cost of Russian farmland is as little as €1,500–2,000 (£1,260–1,680) per hectare (ha) (£1,260–1,680). This is comparatively inexpensive. Poor-quality farmland in France and Spain is sold at no lower than €10,000/ha. The average Russian farm measures 150 hectares It was the main supplier of corn, wheat, and rape to Europe, Average cropland value in the Midwest according to 2020 data from the US Department of Agriculture is $4,607 per acre (about $11,000 per hectare). ==See also==
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