Priority right who are able to buy private agricultural land for the asking price is set in the following sequence: 

1. Land plot co-owners;
2. User of on sale land plot who used this land plot for agriculture for no less than a year and had an agreement registered in Real estate registry.
3. A person who has agricultural land which borders with on sale agricultural land.

In general, fines for legal persons not performing agricultural activity on the purchased agricultural land are from 1450 EUR to 2900 EUR. Size of the fine is determined by the average of fine minimum and maximum, considering to mitigating or aggravating circumstances.

Natural persons or legal persons are able to acquire agricultural land in Latvia.  Natural person or legal person can buy not more than 2 000 hectares of agricultural land in Latvia. A legal person is able to purchase agricultural land in Latvia if at least 30% of income of the owner for the previous 3 years is derived from agricultural activity. Persons from EU, EEA and persons from countries with which Latvia has concluded investment protection treaties are able to purchase land in Latvia.