Stayko Staykov, Chairman of the Board of Directors of the Bulgarian Association of Agricultural Land Owners (BAALO): "Compensation paid for acquisition of agricultural land for roads construction is far below market prices"
Stayko Staykov, BAALO chairman, “Farmers are stressed because of the uncertainties surrounding Brexit and the future Common Agricultural Policy
Events and Projects
12 - 13 April 2019THE SECONDARY MARKET OF AGRICULTURAL LAND WILL PLAY A KEY ROLE IN THE CURRENT YEAR
During a seminar held in Borovets on April 13th-14th 2019, the Chairperson of the Board of Managers, Stayko Staykov, announced that the agricultural land market was stable and predictable during the past year with a stable minimum growth of agricultural price rates of 5%. He believes that this tendency will continue into the current year with the secondary market increasing its influence. Mr Staykov specified that there is an ongoing purchasing interest towards quality agricultural land which price is defined not only by its climate and terrain specifications but also by the size of the plot, its soil qualities, irrigation availability and contract conditions for renting the land.