This paper contributes to the sparse empirical literature on measuring liquidity in agricultural landmarkets. Using data from Lower Saxony (Germany), we inspect the spatial and temporal variabilityof various liquidity indicators. We apply a panel vector autoregression (VAR) and Granger causalitytests to examine the relationship between liquidity and prices and to identify further determinantsof land market liquidity, such as supply shocks and clientele effects. Unlike in housing markets, nopositive relationship between prices and market liquidity exists. We conclude that in agriculturalland markets, a high demand from expanding farms absorbs supply shocks regardless of prevailingprices.