Land productivity and its prices in the countries of EU-15 and EU-12

The aim of article is assessment the impact of the affiliation of the country to the EU-15 or EU-12 on agricultural land productivity and its price. The tasks of article are evaluation of intensity in agriculture in the countries EU-15 and EU-12 and evaluation of differences in land productivity and its prices between EU-12 and EU-15 countries in years 2007−2013. The analysis showed that in the 2007−2013 period the EU-15 and EU-12 significantly differed in capital intensity. It is also proved that capital intensity of agriculture determines the productivity of agricultural land and its price. In the EU-15 countries (with higher intensity of capital), were higher rates of land productivity and land prices as well as were the relationship between these values. In the EU-12 (with lower intensity of capital), were much lower rates of land productivity and land prices and there was no link between the productivity of agricultural land and its prices. Time range of analysis included the period of 2007−2013 and spatial range of analysis included representative farms from EU-15 and EU-12 countries. Due to the lack of information regarding prices of agricultural land in Cyprus, Malta, Greece, Luxembourg, Austria, Portugal and Slovenia, these countries were excluded from the analysis.