IDEAS home Printed from https://ideas.repec.org/a/aka/aoecon/v68y2018i1p135-158.html
   My bibliography  Save this article

The Effects of Use Values, Amenities and Payments for Public Goods on Farmland Prices: Evidence from Poland

Author

Listed:
  • Bazyli Czyzewski

    (Department of Education and Personnel Development, Poznan University of Economics and Business, Poland
    Department of Macroeconomics and Agricultural Economics, Poznan University of Economics and Business, Poland)

  • Radoslaw Trojanek

    (Department of Microeconomics, Poznan University of Economics and Business, Poland)

  • Anna Matuszczak

    (Department of Macroeconomics and Agricultural Economics, Poznan University of Economics and Business, Poland)

Abstract

The article contributes to the debate on how land prices are affected by production values, by farming subsidies and by environmental amenities. The authors carried out a comprehensive review of the literature on the actual determinants of land value and made an attempt to classify different approaches to this matter. Then they performed an empirical case study of the drivers of agricultural land values in a leading agricultural region of Poland. The aim of the study is to establish how the use values of land, amenities and policy payments contribute to land values in the Single Area Payment Scheme (SAPS), which operates in Poland. The study is based on a sample of 653 transactions during the years 2010–2013. A hierarchical regression (ML–IGLS method) was used, where the unobserved heterogeneity is attributed to the location-specific factors at different levels of analysis. Results indicate that the policy payments for public goods decapitalise the value of land, whereas the environmental amenities have a relatively strong influence on farmland prices.

Suggested Citation

  • Bazyli Czyzewski & Radoslaw Trojanek & Anna Matuszczak, 2018. "The Effects of Use Values, Amenities and Payments for Public Goods on Farmland Prices: Evidence from Poland," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 68(1), pages 135-158, March.
    • Handle: RePEc:aka:aoecon:v:68:y:2018:i:1:p:135-158
    Note: The article was the outcome of the project funded by the National Science Centre, no. OPUS 6 UMO-2013/11/B/HS4/00572.
    as

    Download full text from publisher

    File URL: http://www.akademiai.com/doi/pdf/10.1556/032.2018.68.1.7
    Download Restriction: subscription
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bazyli Czyżewski & Andrzej Czyżewski & Łukasz Kryszak, 2019. "The Market Treadmill Against Sustainable Income of European Farmers: How the CAP Has Struggled with Cochrane’s Curse," Sustainability, MDPI, vol. 11(3), pages 1-16, February.
    2. Mateusz Tomal & Agata Gumieniak, 2020. "Agricultural Land Price Convergence: Evidence from Polish Provinces," Agriculture, MDPI, vol. 10(5), pages 1-20, May.
    3. Zhongcheng Yan & Feng Wei & Xin Deng & Chuan Li & Yanbin Qi, 2021. "Does Land Expropriation Experience Increase Farmers’ Farmland Value Expectations? Empirical Evidence from the People’s Republic of China," Land, MDPI, vol. 10(6), pages 1-23, June.
    4. Bórawski, Piotr & Bełdycka-Bórawska, Aneta & Szymańska, Elżbieta Jadwiga & Jankowski, Krzysztof Józef & Dunn, James W., 2019. "Price volatility of agricultural land in Poland in the context of the European Union," Land Use Policy, Elsevier, vol. 82(C), pages 486-496.
    5. Milczarek-Andrzejewska, Dominika & Zawalińska, Katarzyna & Czarnecki, Adam, 2018. "Land-use conflicts and the Common Agricultural Policy: Evidence from Poland," Land Use Policy, Elsevier, vol. 73(C), pages 423-433.

    More about this item

    Keywords

    land value; policy incidence; public goods; environmental amenities;
    All these keywords.

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aka:aoecon:v:68:y:2018:i:1:p:135-158. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kriston, Orsolya (email available below). General contact details of provider: https://akademiai.hu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.