If I'm still here in15 years' time I will have to find more burial space, but the cost of land is premium.

BBC: Glanogwen churchyard, Bethesda

In this neck of the Northwest woods, people pay a premium for land they know is underwater.

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Food-price spikes mostly have been short-lived, although agricultural land remains at a premium.

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Flat land is at a premium, and orchards are planted pragmatically, stepping higgledy-piggledy uphill or weaving a line along thin terraces cut into the hillsides.

BBC: Apple harvest in the Himalayan foothills

In the case of the oil company, for instance, the cost of land corresponds to the premium (or down-payment) on a call option, and the extra investment needed to start production to its strike price (at which the option is exercised).

ECONOMIST: Economics focus

In 2012, the average premium rate of residential land was around 8.9% in the second quarter, 15.08% in the third and 22.33% in the fourth.

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As mega-cities become a reality and space becomes a premium, runways could be shortened to minimise land use.

ENGADGET: blogger-avatar

That lack of brand awareness is a huge obstacle in a land where luxury consumers tend to embrace well-grooved narratives about premium goods and leave little room for other story lines.

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Nine out of 14 residential land transactions in the first quarter of this year sold at an average premium over the sales price of a whopping 30.39%.

FORBES: In Just Three Months, Shanghai's Land Prices Double

Iceland's farmers, long used to scratching a hard living from their unfertile land in its cool climate, now hope to export their clean beef and lamb at a premium in the wake of the foot-and-mouth outbreak in Europe.

ECONOMIST: David Oddsson, Iceland��s Eurosceptic leader