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Impacts Of 2003 Cap Reform On Land Prices: From Theory To Empirical Results

Author

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  • Kilian, Stefan
  • Anton, Jesus
  • Roder, Norbert
  • Salhofer, Klaus

Abstract

Based on a graphical model we analyse the impacts of the Fischler Reform on land prices and the capitalization of single farm payments (sfp) into land values. The model shows that if there are more sfp than eligible land, the capitalization ratio will not decline but rather increase due to the inclusion of animal premiums in the sfp. We can confirm our theoretical results for cross-section data on land rental prices in Bavaria in 2005. Empirical results indicate that sfp of the Fischler reform are more capitalized into rental prices than the coupled direct payments of the time prior to the reform.

Suggested Citation

  • Kilian, Stefan & Anton, Jesus & Roder, Norbert & Salhofer, Klaus, 2008. "Impacts Of 2003 Cap Reform On Land Prices: From Theory To Empirical Results," 109th Seminar, November 20-21, 2008, Viterbo, Italy 44808, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa109:44808
    DOI: 10.22004/ag.econ.44808
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    Cited by:

    1. Alexander März & Nadja Klein & Thomas Kneib & Oliver Musshoff, 2016. "Analysing farmland rental rates using Bayesian geoadditive quantile regression," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 43(4), pages 663-698.
    2. Breustedt, Gunnar & Habermann, Hendrik, 2010. "Einfluss Der Biogaserzeugung Auf Landwirtschaftliche Pachtpreise In Deutschland," 50th Annual Conference, Braunschweig, Germany, September 29-October 1, 2010 93937, German Association of Agricultural Economists (GEWISOLA).
    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. Jerzy Michalek & Pavel Ciaian & d’Artis Kancs, 2014. "Capitalization of the Single Payment Scheme into Land Value: Generalized Propensity Score Evidence from the European Union," Land Economics, University of Wisconsin Press, vol. 90(2), pages 260-289.
    5. Ostermeyer, Arlette & Schonau, Franziska, 2012. "Effects of biogas production on inter- and in-farm competition," 131st Seminar, September 18-19, 2012, Prague, Czech Republic 135772, European Association of Agricultural Economists.
    6. Pavel Ciaian & d'Artis Kancs & Sergio Gomez y Paloma, 2010. "Distributional Effects of CAP Subsidies: Micro Evidence from the EU," EERI Research Paper Series EERI_RP_2010_05, Economics and Econometrics Research Institute (EERI), Brussels.
    7. Anna Sobczak & Ewa Chomać-Pierzecka & Andrzej Kokiel & Monika Różycka & Jacek Stasiak & Dariusz Soboń, 2022. "Economic Conditions of Using Biodegradable Waste for Biogas Production, Using the Example of Poland and Germany," Energies, MDPI, vol. 15(14), pages 1-18, July.
    8. Guastella, Giovanni & Moro, Daniele & Sckokai, Paolo & Veneziani, Mario, 2014. "The capitalization of fixed per hectare payment into land rental prices: a spatial econometric analysis of regions in EU," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182755, European Association of Agricultural Economists.
    9. Moro, D. & Guastella, G. & Sckokai, P. & Veneziani, M., 2013. "The Capitalization of Area Payment into Land Rental Prices: Micro-evidence from Italy," 2013 Second Congress, June 6-7, 2013, Parma, Italy 149746, Italian Association of Agricultural and Applied Economics (AIEAA).
    10. Pavel Ciaian & d’Artis Kancs, 2012. "The Capitalization of Area Payments into Farmland Rents: Micro Evidence from the New EU Member States," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 60(4), pages 517-540, December.
    11. Van Herck, Kristine & Vranken, Liesbet, 2012. "Direct Payments and Land Rents: Evidence from New Member States," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126777, International Association of Agricultural Economists.
    12. Appel, Franziska & Ostermeyer-Wiethaup, Arlette & Balmann, Alfons, 2016. "Effects of the German Renewable Energy Act on structural change in agriculture – The case of biogas," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 41, pages 172-182.
    13. Sahrbacher, Christoph, 2011. "Regional structural change in European agriculture: Effects of decoupling and EU accession," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 60, number 60.
    14. Franz Sinabell & Hans Pitlik & Erwin Schmid, 2009. "Zukunft der Finanzierung und Ausgaben der Gemeinsamen Agrarpolitik," WIFO Studies, WIFO, number 36165, April.
    15. Van Herck, Kristine & Vranken, Liesbet, 2011. "Direct Payments and Rent Extraction by Land Owners: Evidence from New Member States," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 115543, European Association of Agricultural Economists.
    16. Heinrich, F. & Appel, F., 2018. "Do investors ruin Germany s peasant agriculture?," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277171, International Association of Agricultural Economists.
    17. Plogmann, Jana & Mußhoff, Oliver & Odening, Martin & Ritter, Matthias, 2020. "What Moves the German Land Market? A Decomposition of the Land Rent-Price Ratio," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 69(1).
    18. Ivan Takáč & Jarmila Lazíková & Ľubica Rumanovská & Anna Bandlerová & Zuzana Lazíková, 2020. "The Factors Affecting Farmland Rental Prices in Slovakia," Land, MDPI, vol. 9(3), pages 1-18, March.
    19. Wu, Ziping & Pei, Pei, 2018. "Potential Impacts of Changes in Single Farm Payment (SFP) on Rural Economy in Northern Ireland (NI)," 162nd Seminar, April 26-27, 2018, Budapest, Hungary 272089, European Association of Agricultural Economists.
    20. Xueqing Yang & Yang Liu & Mei Wang & Alberto Bezama & Daniela Thrän, 2021. "Identifying the Necessities of Regional-Based Analysis to Study Germany’s Biogas Production Development under Energy Transition," Land, MDPI, vol. 10(2), pages 1-20, February.

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