ANALYSIS OF AGRICULTURAL LAND MARKET PRICES IN ANYKŠČIAI DISTRICT

Abstract

In Lithuania, agriculture is still one of the main economic activity types, even after the years of independence, land restitution formed a relatively small amount of plots for agricultural use. For state, economic and social purposes, it is important to examine the criteria that determine the market prices of agricultural land plots. Natural conditions, relief and location of the plot change the least in terms of time, so it is important to find out their relationship with the market price of land plots. The purpose of the study is to determine the relationship between market prices of agricultural land plots and some criteria influencing that market price. The research was carried out on the basis of regression analysis, which determined the criteria most affecting agricultural market prices and the significance of these criteria. The results revealed that the market price of single large parcels per 1 ha is lower than that of smaller parcels, so there is a tendency in Lithuania to divide large parcels into smaller ones in order to win economic benefits. Also, the results showed that the criteria: land productivity score and relief changes have the greatest impact on land market prices in Anykščiai district.