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Abstract
The price of farm land went up strongly during the 1970's followed by a fall in the early 1980’s due to a combination of factors; among which economic return in agriculture and variation in capital costs are the major ones. The combined effect of inflation, taxation and capital support programmes has created uncertainty about the real cost of capital, affecting the stability of land markets. The real estate markets should be made more transparent and farmers should be given better information about the conditions for farming as a basis for their planning.