ActusQ June newsletter about current topicalities in European and Latvian agricultural sector has been published!
Category: Uncategorized
Last year in Latvia, the grain harvest and sown areas increased

According to preliminary data from the Central Statistical Bureau, Latvia harvested 3.2 million tonnes of grain in 2024 – an increase of 16.1% compared to 2023.
The average grain yield reached 39.4 centers per hectare, showing significant improvement over year 2023 weather-affected results. The total sown area also grew, reaching 800.8 thousand hectares, which is 3.4 thousand more than in the year 2023.
These figures highlight strong momentum in agriculture – it’s a great time for investment, innovation, and sustainable practices!
Information source: Central Statistical Bureau
One million euros allocated from the state budget to promote local agricultural and fisheries production
The Cabinet of Ministers has approved amendments to the procedure for granting state support for the promotion of agricultural and fisheries markets. The goal is to promote agriculture, fisheries, and the food industry, as well as to strengthen the value growth and export of products from these sectors.
For this purpose, one million euros of state funding is planned for 2025 from the budget sub-program “State support for agriculture and rural development” under the Ministry of Agriculture. These funds are allocated for the following market promotion activities:
- Organizing and participating in international exhibitions with joint stands representing the Latvian agricultural and food sector,
- Co-financing participation in international agricultural and food exhibitions abroad,
- Co-financing participation in joint stands, and
- Implementing a marketing program for the development of coastal fisheries.
The Rural Support Service will administer the activities receiving state financial support — it will accept and review applications, make decisions, and disburse the corresponding support funds. Meanwhile, participation in joint stands, considered a subsidized service, will be organized and administered by the Institute of Agricultural Resources and Economics.
Source of information: Ministry of Agriculture
ActusQ Newsletter May 2025
ActusQ May newsletter about current topicalities in European and Latvian agricultural sector has been published!
Latvian Real Estate Market Overview 2024: Agricultural Land
The real estate company ARCO REAL ESTATE has published an analytical report – the Latvian Real Estate Market Overview – which compiles detailed information about developments in the sector over the past year. The market overview is a useful resource for industry professionals, developers, as well as the banking sector involved in mortgage lending. This is the company’s 24th edition, and it remains the only market analysis of such scope in the Latvian real estate sector. You can view full report HERE. There is insight into the agricultural land market:
NUMBER OF TRANSACTIONS AND SOLD LAND AREA
In 2024, the agricultural land market experienced an increase in activity, making it one of the most active market segments. For the first time in the past four years, the number of transactions increased. Compared to 2023, the number of transactions rose by 25%. In the past year, 935 transactions were registered, bringing the figure close to the statistics of 2021.

In 2024, 10 670 hectares of agricultural land were sold, which is 39% more than in 2023.
It is worth noting that, in terms of area, 2023 saw the lowest number of agricultural land sales in the past 12 years. In contrast, 2024 recorded one of the highest sales volumes since 2013. Last year, the largest area of agricultural land was sold in Zemgale – 3327 hectares, while the smallest was in Latgale – 1877 hectares.
AGRICULTURAL LAND PRICES
In 2024, activity in the agricultural land market increased rapidly, and the price of agricultural land rose. The average sale price of agricultural land increased to EUR 4,995/ha. Compared to 2023, the average price per hectare rose by 5% last year. This price increase was the lowest in the past five years.
Most transactions took place outside the public offer, with the buyer and seller agreeing on a mutually acceptable price, which often significantly exceeded the average prices. In 2024, more than ten transactions in the regions of Kurzeme, Zemgale, and Latgale recorded record-high prices – over EUR 15,000/ha.
As the shortage of fertile and high-quality agricultural land has been observed throughout Latvia for many years, there was interest in uncultivated and neglected agricultural land across all regions of Latvia. This was evidenced by the steady price growth in all regions of the country.

In 2024, the highest number of transactions were registered in the price range of 4000 to 5000 EUR/ha. This price range accounted for 21% of the total number of transactions. Thus, the most popular price range increased, as in 2023 the highest number of transactions were registered in the price range of 3000 to 4000 EUR/ha.

Information source: Arco Real Estate
ActusQ Newsletter April 2025
ActusQ April newsletter about current topicalities in European and Latvian agricultural sector has been published!
Support for promoting the competitiveness of farms and improving energy efficiency
From May 15 to June 16 the Rural Support Service invites the submission of project applications under two support measures (interventions):
LA 4.1.1. “Support for investments in rural farms to enhance competitiveness”:
The aim of this measure is to support small and medium-sized rural farms in order to improve
their economic performance and competitiveness, as well as to promote the development of cooperation. Eligible applicants include rural farms, including agricultural research institutions engaged in agricultural activities. Public funding for the second round:
- Small rural farms: EUR 13.6 million
- Medium-sized rural farms: EUR 11.2 million
LA 4.1.4. “Support for Investments in the use of renewable energy sources or in increasing
energy efficiency”:
The support is aimed at encouraging agricultural sector operators to invest in renewable energy technologies for selfconsumption, as well as in energy efficiency improvement measures. Public funding for the second round is set at EUR 7.57 million, including:
- Energy efficiency investments: EUR 3.5 million
- Renewable energy production investments: EUR 4.08 million
Applications must be submitted through the Electronic Application System (EPS). Support can be received within the framework of the European Agricultural Fund for Rural Development and the Common Agricultural Policy Strategic Plan for 2023–2027.
Information source: Rural Support Service
ActusQ Newsletter March 2025
ActusQ March newsletter about current topicalities in European and Latvian agricultural sector has been published!
Support for investments in the measure “Investments in tangible assets”
From April 14 to May 14 farmers and processing companies can apply for support under the measure “Investments in Tangible Assets” to make investments in farms and enterprises. Support is available in two sub-measures.
4.1: “SUPPORT FOR INVESTMENTS IN RURAL FARMS”
The aim of this measure is to support rural farms and their investments in energy efficiency, the use of renewable energy, and emission reduction, as well as ensuring alternative energy sources in emergency situations. Various types of investments are eligible for support in organic farms. However, support is not granted for the purchase of agricultural tractors and self-propelled harvesting machinery.
Available funding allocation for this support measure:
- Small farm group: EUR 2.4 million;
- Medium and large farm group: EUR 5.6 million;
- Cooperative societies: EUR 2 million.
4.2: “SUPPORT FOR INVESTMENTS IN PROCESSING”
The available funding for this sub-measure is EUR 2 million. The goal of the measure is to promote the use of renewable energy in agriculture, the installation of equipment, or the provision of alternative water resources necessary for business operations in emergency situations.
Within the measure, only investments in the purchase of fixed assets and construction are eligible, as long as they are necessary for the installation of renewable energy production equipment or the establishment of deep water boreholes.
The deadline for project implementation is no later than October 1, 2025. Project applications must be submitted through the Rural Support Service’s Electronic Application System. Projects can be implemented with support from the European Union’s European Agricultural Fund for Rural Development and the Rural Development Programme for the 2014-2020 planning period.
Information source: Rural Support Service
LATRAPS bond market debut – a historic momentfor Latvian agriculture
As of March 5, the bonds of the Latvian agricultural cooperative LPKS LATRAPS have been listed on the Nasdaq Baltic First North market.
This is a historic event, as it marks the first time that securities of a Latvian agricultural cooperative have been traded on the stock exchange, providing a broader range of investors with the opportunity to invest in a promising company and contribute to the growth of Latvian agriculture.
Latraps, the leading cooperative in Latvia’s agricultural sector, raised EUR 8 million during its public bond offering in December 2024 to establish ASNS Ingredient, the largest pea protein isolate production plant in Northern Europe. Interest from private and institutional investors was significant, with total demand for bonds exceeding EUR 12 million – 50% more than the initial issuance target.
“In nearly 25 years, we have built a strong and competitive cooperative that unites more than 1,220 members. Previously, only LATRAPS members could invest in our growth, but with this bond offering, we have opened the opportunity for a wider Baltic investor base to take part in shaping Latvia’s agricultural success story. We are honored to join the ambitious companies of Nasdaq Baltic First North and thank over 300 Baltic investors for their trust. Together, we can make the names of Latvian agriculture, LATRAPS, and ASNS Ingredient resonate globally – in the world economy and every kitchen,” emphasized Roberts Stripnieks, Chairman of the LATRAPS Board.
The launch of these securities on the market was symbolically marked worldwide with the ringing of the stock exchange bell and an announcement on the screen at Times Square in New York. Today, the stock
exchange bell rang in a special acoustic venue – Mežaparks Grand Stage – where the event was attended by Minister of Agriculture Armands Krauze, who highlighted that LATRAPS’ public bond issuance is a significant step not only for the cooperative but also for the overall development of Latvian agriculture.
Information source: Latraps