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Institutional Factors Affecting Agricultural Land Markets

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  • Ciaian, Pavel,
  • Kancs, d’Artis
  • Swinnen, Jo
  • Van Herck, Kristine
  • Vranken, Liesbet

Abstract

This paper analyses the main institutional factors affecting the rental and sales markets for agricultural land. Particular attention is paid to the effects of the common agricultural policy on land markets, and more specifically the underlying mechanism through which agricultural subsidies are capitalised into land values and farmland rents. This paper also provides a broad overview of the empirical studies that estimate the impact of agricultural support policies on land rents and land prices. Various other fundamental factors that affect agricultural land markets are discussed, such as land market institutions and regulations, transaction costs, credit market constraints and levels of profitability, the legal means of contract enforcement and land use alternatives.

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Bibliographic Info

Paper provided by Centre for European Policy Studies in its series Factor Markets Working Papers with number 118.

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Length: 22 pages
Date of creation: Feb 2012
Date of revision:
Handle: RePEc:eps:fmwppr:118

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References

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  8. Chantal Le Mouel, 2004. "Impacts of alternative agricultural income support schemes on multiple policy goals," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 31(2), pages 125-148, June.
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  20. Patton, Myles & Kostov, Philip & McErlean, Seamus & Moss, Joan, 2008. "Assessing the influence of direct payments on the rental value of agricultural land," Food Policy, Elsevier, vol. 33(5), pages 397-405, October.
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  25. Pavel Ciaian & d’Artis Kancs & Johan Swinnen, 2010. "EU Land Markets and the Common Agricultural Policy," EERI Research Paper Series EERI_RP_2010_47, Economics and Econometrics Research Institute (EERI), Brussels.
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Citations

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Cited by:
  1. Petrick, Martin & Kloss, Mathias, 2013. "Identifying Factor Productivity from Micro-data: The case of EU agriculture," Working Papers 144004, Factor Markets, Centre for European Policy Studies.
  2. Elodie Letort & Chalachew Temesgen Jemberie, 2013. "Influence of environmental policies on farmland prices in the Bretagne region of France," Working Papers 192198, Institut National de la Recherche Agronomique, France.
  3. Petrick, Martin & Kloss, Mathias, 2013. "Identifying Factor Productivity by Dynamic Panel Data and Control Function Approaches: A Comparative Evaluation for EU Agriculture," 53rd Annual Conference, Berlin, Germany, September 25-27, 2013 156104, German Association of Agricultural Economists (GEWISOLA).
  4. Moro, Daniele & Sckokai, Paolo, 2013. "The impact of decoupled payments on farm choices: Conceptual and methodological challenges," Food Policy, Elsevier, vol. 41(C), pages 28-38.

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