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Interest from investment funds and the emerging green energy sector (biogas and agrivoltaics) are contributing to the increase in agricultural land prices, which in Italy are surpassing inflation for the first time in twenty years. Last year, land prices surpassed national inflation by about 0.2%. This may appear modest, but it is noteworthy given its historical status as a secure refuge, generally resistant to abrupt fluctuations. Also because it is the result of an average across areas with very different price levels and trends. The average value is €22,400 per hectare, ranging from €47,100 in the Northeast to approximately €35,200 in the Northwest—where prices have experienced the highest increase (+2.3%)—to notably lower values in the Center-South and the Islands, below €16,000 and €9,000, respectively. The sales volume also experienced a 4% increase, reaching a peak of 9% in the central regions. As for prices, the highest are found in the Langhe, with 2.3 million euros per hectare for Barolo vineyards. But uncultivated land covers one and a half million hectares, with Italian farmers among the oldest in Europe.
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