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Factores No Agronómicos: Análisis De Su Influencia En Los Precios De La Tierra Agraria/Analysis on the infl uence of Non-agronomic-factors over the prices of agricultural land

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  • SALA RIOS, MERCÉ

    ()
    (Departamento de Economía Aplicada, Universidad de Lleida. Campus Cappont, Av. Jaume II, 73- 25001.Lleida. Tfo.973 70 33 05 - Fax 973 70 33 00)

  • TORRES SOLÉ, TERESA

    ()
    (Departamento de Economía Aplicada, Universidad de Lleida. Campus Cappont, Av. Jaume II, 73- 25001.Lleida. Tfo.973 70 33 05 - Fax 973 70 33 00)

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    Abstract

    El valor de la tierra agraria está determinado por las características agronómicas de este input. Pero el precio de la tierra agraria con frecuencia supera al alza o a la baja su valor, debido a la existencia de una serie de factores no agronómicos (endógenos y exógenos al sector) que ejercen presiones en la determinación y evolución del precio. Desde esta perspectiva, el objetivo que se persigue es analizar los principales factores no agronómicos determinantes del precio del suelo rústico a partir de los años ochenta. El ámbito de estudio se centra en la provincia de Lleida y se distingue entre tierras de secano y de regadío. Las estimaciones realizadas muestran que los principales factores que explican el comportamiento de los precios de la tierra agraria son: el considerar la tierra como un refugio del capital, las subvenciones recibidas de la PAC y las expectativas de plusvalía. The value of the agricultural land is determined by the characteristics of the land itself. However, the price of the land very often is higher or lower than is value. This is caused by the existence of several non-agronomic factors (endogenous and exogenous) that infl uence the determination and the evolution of the price. From this prospective, the aim of this work is to determine the major non-agronomic factors that are infl uencing the market price of the rustic land, from the year 1980 onwards. As estimations reveals the main factors that explain price performance for agricultural land are the opportunity cost of capital, the subsidies received from the PAC and the expectations of land appreciation.

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    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 25 (2007)
    Issue (Month): (Abril)
    Pages: 145-164

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    Handle: RePEc:lrk:eeaart:25_1_6

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    Related research

    Keywords: Precio de la tierra agraria; factores no agronómicos/Price of the agricultural land; non-agronomic factors.;

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    References

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    1. Chavas, Jean-Paul & Shumway, C. Richard, 1982. "A Pooled Time-Series Cross-Section Analysis Of Land Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, Western Agricultural Economics Association, vol. 7(01), July.
    2. D Maddison, 2000. "A hedonic analysis of agricultural land prices in England and Wales," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 27(4), pages 519-532, December.
    3. Miranowski, John, 1993. "Understanding Farmland Price Changes," Staff General Research Papers, Iowa State University, Department of Economics 10696, Iowa State University, Department of Economics.
    4. John E. Floyd, 1965. "The Effects of Farm Price Supports on the Returns to Land and Labor in Agriculture," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 73, pages 148.
    5. Patricia A. Duffy & C. Robert Taylor & Danny L. Cain & George J. Young, 1994. "The Economic Value of Farm Program Base," Land Economics, University of Wisconsin Press, vol. 70(3), pages 318-329.
    6. Falk, Barry L., 1991. "Formally Testing the Present Value Model of Farmland Prices," Staff General Research Papers, Iowa State University, Department of Economics 11093, Iowa State University, Department of Economics.
    7. MJ Roche & K McQuinn, 2001. "Testing for speculation in agricultural land in Ireland," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 28(2), pages 95-115, June.
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