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Impacts of Agri-Environmental Policies on Land Allocation and Land Prices

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  • Guyomard, Herve
  • Lankoski, Jussi E.
  • Ollikainen, Markku

Abstract

We develop a Ricardian framework with heterogeneous land quality to analyse the effects of agricultural and agri-environmental support policies on land allocation decisions and land prices. Four agri-environmental policy instruments are considered: a uniform area payment, a quality-dependent area payment, a mandatory buffer strip policy and a voluntary buffer strip payment. We also analyse how general tax and monetary policies may affect agricultural land prices. The theoretical framework is illustrated by an empirical model applied to Finnish agriculture. The empirical model shows that macroeconomic factors, such as general tax and monetary policies, may exert a greater impact on land prices than some minor fine-tuning in agrienvironmental policies.

Suggested Citation

  • Guyomard, Herve & Lankoski, Jussi E. & Ollikainen, Markku, 2006. "Impacts of Agri-Environmental Policies on Land Allocation and Land Prices," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25310, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae06:25310
    DOI: 10.22004/ag.econ.25310
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    References listed on IDEAS

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    1. Jussi Lankoski & Markku Ollikainen, 2003. "Agri-environmental externalities: a framework for designing targeted policies," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 30(1), pages 51-75, March.
    2. Barry K. Goodwin & Ashok K. Mishra & François N. Ortalo-Magné, 2003. "What's Wrong with Our Models of Agricultural Land Values?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 744-752.
    3. Chantal Le Mouel, 2004. "Impacts of alternative agricultural income support schemes on multiple policy goals," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 31(2), pages 125-148, June.
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    Cited by:

    1. Feichtinger, Paul & Salhofer, Klaus, 2013. "The Influence of the Common Agricultural Policy and Heterogeneous Land Quality on Land Rent and Land Allocation," Factor Markets Working Papers 149, Centre for European Policy Studies.

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