Impact of spatial characteristics of land on the price of arable land
The price of agricultural land and arable land is particularly low in Estonia when compared to Western European countries. The demand for agricultural land was low during the first decade after the collapse of the Soviet agriculture system. The situation is changing and the demand for agricultural land is increasing at the present time. Yet, simultaneously, the formation of arable land prices is not studied much. There are several factors affecting land prices and spatial characteristics are among them.