This very conservative estimate is already three times the price of arable land five years ago. According to a 2016 EU research paper on agricultural land prices, one tumolo of land cost slightly more than €14,000. Back then, this was already expensive, with European prices ranging from €178 per tumolo in Sweden to €8,000 in the Netherlands and €10,500 in the Canary Islands.
Malcolm Borg, who chairs Għaqda Bdiewa Attivi, told
Times of Malta that farmers looking into acquiring arable land in Malta are being asked for some €70,000 to €80,000 per tumolo, while adverts seen by this newspaper show prices spike to €266,000 for two tumoli of arable land in Rabat.