About Land fund
The Land Fund of Latvia sells and exchanges agricultural land with a goal to facilitate the preservation and use of agricultural land.
The agricultural land owned by the Land Fund of Latvia ir offered for sale or exchange to individuals and companies which certifies that the land use will be aimed at the agricultural activity.
Information about available for sale or exchange agricultural land the Land Fund of Latvia publishes on its website, as well as the JSC "State Real Estate" website and local governments of Latvia websites and newsletters.
The Land Fund of Latvia concludes real estate transactions on the basis of the demand and offer on the market, taking into account:
- local market prices,
- the Fund operation’s objective,
- the efficiency of transaction,
- the principles laid down by observing the Law On Prevention of Squandering of the Financial Resources & Property of the State & Local Government and other regulations binding to the Fund.
The objective of the Land Fund of Latvia is to promote the agricultural land's protection, availability and preservation, as well as its efficient and sustainable use of at a national level.
ALTUM is administrator (operator) of the Land Fund of Latvia in accordance with the order of the Cabinet of Ministers of the Republic of Latvia.