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Environmental Policies and Agricultural Land Values: Evidence from the Dutch Nutrient Quota System

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  • Tomislav Vukina
  • Ada Wossink

Abstract

The paper analyzes the impact of the phosphate-based animal production rights on agricultural land values in the Netherlands. We claim that the existence of mandatory production control program with regional restriction on trading causes a disproportional increase in land prices in the surplus region where the quota is binding, relative to the deficit region where the quota is not binding, and that the increase in the cost of environmental compliance should generate an eroding effect on the existing gap in land prices. The parameters of an inverse land demand model estimated with panel data support both hypotheses.

Suggested Citation

  • Tomislav Vukina & Ada Wossink, 2000. "Environmental Policies and Agricultural Land Values: Evidence from the Dutch Nutrient Quota System," Land Economics, University of Wisconsin Press, vol. 76(3), pages 413-429.
    • Handle: RePEc:uwp:landec:v:76:y:2000:i:3:p:413-429
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    Citations

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    Cited by:

    1. Richard J Vyn & James Rude, 2020. "The Influence of Supply Management on Farmland Values in Ontario," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(4), pages 815-834, December.
    2. Nick Hanley & Simanti Banerjee & Gareth D. Lennox & Paul R. Armsworth, 2012. "How should we incentivize private landowners to ‘produce’ more biodiversity?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 28(1), pages 93-113, Spring.
    3. Pavel Ciaian & d’Artis Kancs & Johan Swinnen, 2010. "EU Land Markets and the Common Agricultural Policy," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 53(3), pages 1-31.
    4. Tomislav Vukina, 2003. "The Relationship between Contracting and Livestock Waste Pollution," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 66-88.
    5. Lizin, Sebastien & Van Passel, Steven & Schreurs, Eloi, 2015. "Farmres' Perceived Cost of Land Use restrictions: A Simulated Purchasing Decision Using Dscrete Choice Experiments," 2015 Conference, August 9-14, 2015, Milan, Italy 212054, International Association of Agricultural Economists.
    6. Lehn, Friederike & Bahrs, Enno, 2018. "Analysis of factors influencing standard farmland values with regard to stronger interventions in the German farmland market," Land Use Policy, Elsevier, vol. 73(C), pages 138-146.
    7. Pavel Ciaian & d'Artis Kancs & Dusan Drabik, 2016. "Land Markets in Europe: Institutions and Market Outcomes," EERI Research Paper Series EERI RP 2016/10, Economics and Econometrics Research Institute (EERI), Brussels.
    8. Philippe Le Goffe & Dominique Vermersch, 2004. "Le marché de l'épandage peut-il réduire le coût de la résorption des excédents d'azote ?," Économie rurale, Programme National Persée, vol. 279(1), pages 20-32.
    9. Ay, Jean-Sauveur & Latruffe, Laure, 2013. "The Empirical Content of the Present Value Model: A survey of the instrumental uses of farmland prices," Working papers 157112, Factor Markets, Centre for European Policy Studies.
    10. Mehmood khan kakar & M. Ali kakar, 2011. "Factors Affecting the Real Estate Prices in Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(2), pages 57-66, June.
    11. Pyykkonen, Perttu, 2005. "Spatial Analysis of Factors Affecting Finnish Farmland Prices," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24541, European Association of Agricultural Economists.
    12. Philippe Le Goffe & Julien Salanie, 2005. "Pricing manure spreading rights: measure from the land market," Post-Print hal-02338151, HAL.
    13. Ifft, Jennifer, 2015. "The Impact of Nutrient Management Regulations on New York Farmland Values," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205796, Agricultural and Applied Economics Association.

    More about this item

    JEL classification:

    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land

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