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Agroholdings and land rental markets: a spatial competition perspective

Author

Listed:
  • Marten Graubner
  • Igor Ostapchuk
  • Taras Gagalyuk

Abstract

With the emergence of large, horizontally integrated farm enterprises especially in Eastern European countries, the question arises whether these agroholdings exercise market power in (local) land markets. Using a theoretical framework of spatial competition that accounts for the presence of multi-farm agroholdings, we derive equilibrium prices under alternative spatial competition settings. Based on the investigation of Ukrainian farms, we provide theoretical explanations and empirical support for farms affiliated with an agroholding possessing (ceteris paribus) more land and setting higher land rental prices compared to independent farms. The results indicate that agroholdings may act as price leaders in local land markets.

Suggested Citation

  • Marten Graubner & Igor Ostapchuk & Taras Gagalyuk, 2021. "Agroholdings and land rental markets: a spatial competition perspective," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(1), pages 158-206.
    • Handle: RePEc:oup:erevae:v:48:y:2021:i:1:p:158-206.
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    File URL: http://hdl.handle.net/10.1093/eurrag/jbaa018
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    Citations

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    Cited by:

    1. Petrick, Martin, 2021. "Post-Soviet agricultural restructuring: A success story after all?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 63(4), pages 623-647.
    2. Franziska Appel & Alfons Balmann, 2023. "Predator or prey? Effects of farm growth on neighbouring farms," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(1), pages 214-236, February.
    3. Ostapchuk, Igor & Gagalyuk, Taras & Curtiss, Jarmila, 2021. "Post-acquisition integration and growth of farms: the case of Ukrainian agroholdings," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(4), April.
    4. Deininger, Klaus & Ali, Daniel Ayalew & Kussul, Nataliia & Shelestov, Andrii & Lemoine, Guido & Yailimova, Hanna, 2023. "Quantifying war-induced crop losses in Ukraine in near real time to strengthen local and global food security," Food Policy, Elsevier, vol. 115(C).
    5. Deininger,Klaus W. & Ali,Daniel Ayalew & Kussul,Nataliia & Shelestov,Andrii Yu & Lemoine,Guido & Yailimova,Hanna, 2022. "Quantifying War-Induced Crop Losses in Ukraine in Near Real Time to Strengthen Local andGlobal Food Security," Policy Research Working Paper Series 10123, The World Bank.
    6. Zoia Sokolovska & Oksana Klepikova & Semenov Anatoly, 2021. "Portfolio stability ensuring: an emerging chaos case (on the example of Ukrainian agroholdings)," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(1), pages 65-91.
    7. Hajdu, Anna & Gagalyuk, Taras & Bukin, Eduard & Petrick, Martin, 2021. "Determinants of corporate social responsibility among farms in Russia and Kazakhstan: A multilevel approach using survey data," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(4), pages 697-716.
    8. Kionka, Marlene & Kuethe, Todd H. & Musshoff, Oliver & Odening, Martin & Ritter, Matthias, 2022. "Bargaining Power in the Agricultural Land Rental Market," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322186, Agricultural and Applied Economics Association.
    9. Myrna, Olena, 2023. "Competition in online land lease auctions in Ukraine: Reduced-form estimation," Land Use Policy, Elsevier, vol. 125(C).
    10. Hajdu, Anna & Gagalyuk, Taras & Bukin, Eduard & Petrick, Martin, 2021. "Determinants of corporate social responsibility among farms in Russia and Kazakhstan: a multilevel approach using survey data," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(4), May.
    11. Deininger, Klaus W. & Ali, Daniel Ayalew & Neyter, Roman, 2023. "Impacts of a mandatory shift to decentralized online auctions on revenue from public land leases in Ukraine," Journal of Economic Behavior & Organization, Elsevier, vol. 213(C), pages 432-450.
    12. Appel, Franziska & Balmann, Alfons, 2023. "Predator or prey? Effects of farm growth on neighbouring farms," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 74(1), pages 214-236.

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