Agricultural lands/plots
While most agricultural land is based on the prospect of urban areas expanding...
While most agricultural land is based on the prospect of urban areas expanding at the expense of rural areas, in various parts of the world agricultural land is expanding at the expense of virgin land. The chase of virgin land that has been identified as suitable for agriculture because of its climate, topography and soil properties, where the buyer has no intention to work the land himself or lease it out, would be agricultural land banking.
Such lands are often rather far away from existing infrastructure when purchased by the land banking investor, therefore prices being low. The investor anticipates that, because of the area's natural roductive potential, an agricultural infrastructure (sufficient roads, specialised contractors, grain storages) will develop, with more land put under cultivation and land values multiplying. Agricultural land is found where large tracts of fertile virgin land still exist, where valuations are low and where legislation allows large land holdings (free hold) by domestic and foreign investors.
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