The average cost of a land plot in Latvia is 1,140 lats (about €1,600) per hectare. These are the official data on the implementation of the program for the peasants to repurchase agricultural land, according to the portal ee24.ru.
A total of 4,156 hectares of agricultural land was acquired by 31 July. The government is going to start active buying of land in 2014. The acquired land will be leased or sold to peasants.
1% of the land in Latvia was uncalled by residents of the country after the denationalization of the land fund.