The Influence of Per-hectare Premiums on Prices for Rented Agricultural Area and on Agricultural Land Prices
AbstractWithin the framework of decreasing support for agricultural incomes by market measures, the per-hectare premiums (ha-premiums) clearly have the task and the effect to stabilise farm incomes. Before direct aids were introduced, there had been periods with decreasing prices for agricultural land and for rented agricultural area in real terms, according to the Farm Accountancy Data Network (FADN) data base (specialised crop farms in 53 regions for 11 years) and EUROSTAT data (B, DK, D-W, F, NL in the period 1975 to 1999). Regression analysis is used to show the relationship between hapremiums, land rental prices and other relevant economic variables, such as land prices, rental share, livestock density, the price index of agricultural products and farm income. The analysis shows increasing price effects due to the introduction of ha-premiums on prices for agricultural land and on rental prices. Landlords received a share of about 6 % to 18 % of the ha-premiums (depending on the data source). An in-sample simulation, 1999-continuation scenario, and scenarios of further CAP (Common Agricultural Policy) reforms are used for the assessment of the ex-post and ex-ante developments. The ongoing reforms of the CAP (Agenda 2000, Mid-term Review) and EU enlargement certainly have implications for the land markets.
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Bibliographic InfoArticle provided by Humboldt-Universitaet zu Berlin, Department for Agricultural Economics in its journal German Journal of Agricultural Economics.
Volume (Year): 51 (2002)
Issue (Month): 8 ()
land markets; rental price; per-hectare premiums; Agricultural and Food Policy; Land Economics/Use;
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- Manegold, Dirk, 2003. "Aspekte Gemeinsamer Agrarpolitik 2002," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 52(1).
- Breustedt, Gunnar & Habermann, Hendrik, 2010. "Einfluss Der Biogaserzeugung Auf Landwirtschaftliche Pachtpreise In Deutschland," 50st Annual Conference, Braunschweig, Germany, September 29-October 1, 2010 93937, German Association of Agricultural Economists (GEWISOLA).
- Breustedt, Gunnar & Habermann, Hendrik, 2009. "Determinants of Agricultural Cash Rents in Germany: A Spatial Econometric Analysis for Farm-Level Data," 2009 Conference, August 16-22, 2009, Beijing, China 51685, International Association of Agricultural Economists.
- Breustedt, Gunnar & Habermann, Hendrik, 2008. "Determinants of agricultural cash rents in Germany: A spatial econometric analysis for farm-level data," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44462, European Association of Agricultural Economists.
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