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The Case for Long-Term Land Leasing: A Review of the Empirical Literature

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  • Adewale Henry Adenuga

    (Economics Research Branch, Agri-Food and Biosciences Institute, 18a Newforge Lane, Belfast BT9 5PX, UK)

  • Claire Jack

    (Economics Research Branch, Agri-Food and Biosciences Institute, 18a Newforge Lane, Belfast BT9 5PX, UK)

  • Ronan McCarry

    (Economics Research Branch, Agri-Food and Biosciences Institute, 18a Newforge Lane, Belfast BT9 5PX, UK)

Abstract

Land, as a factor of production, has a vital role within the agricultural sector compared with other sectors. However, in recent years, land mobility has become a significant issue around the world with increased concentration and competition for land ownership, limiting the overall competitiveness of the agri-food sector and constraining the potential opportunities for new entrant farmers to access land. While land leasing is increasingly being embraced as a common form of land tenure serving as an alternative to the purchase of land for agriculture, the length of lease has been shown to have a significant impact on land productivity and sustainability. In this study, we provide a comprehensive and systematic review exploring the benefits of longer-term land leasing with a particular focus on developed countries and some selected developing countries in the context of commercial farming with more formal arrangements. Specifically, we highlight the barriers to long-term land leasing and identify potential incentives that might be adopted to encourage long-term land leasing for both landowners and farmers who seek to rent land.

Suggested Citation

  • Adewale Henry Adenuga & Claire Jack & Ronan McCarry, 2021. "The Case for Long-Term Land Leasing: A Review of the Empirical Literature," Land, MDPI, vol. 10(3), pages 1-21, March.
  • Handle: RePEc:gam:jlands:v:10:y:2021:i:3:p:238-:d:508006
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    Cited by:

    1. Onofri, Laura & Trestini, Samuele & Mamine, Fateh & Loughrey, Jason, 2022. "Understanding the Agricultural Land Leasing Market in Ireland: A Transaction Cost Approach," 96th Annual Conference, April 4-6, 2022, K U Leuven, Belgium 321211, Agricultural Economics Society - AES.
    2. Adewale Henry Adenuga & Claire Jack & Ronan McCarry, 2023. "Investigating the Factors Influencing the Intention to Adopt Long-Term Land Leasing in Northern Ireland," Land, MDPI, vol. 12(3), pages 1-18, March.
    3. Choi, Jiseon & Jodlowski, Margaret C., 2022. "Tenure Status and Land Investment in South Korea," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322476, Agricultural and Applied Economics Association.
    4. Laura Onofri & Samuele Trestini & Fateh Mamine & Jason Loughrey, 2023. "Understanding agricultural land leasing in Ireland: a transaction cost approach," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 11(1), pages 1-20, December.
    5. Adewale Henry Adenuga & Claire Jack & Ronan McCarry & Paul Caskie, 2023. "Barriers and Enablers of Long‐term Land Leasing: a Case Study of Northern Ireland," EuroChoices, The Agricultural Economics Society, vol. 22(2), pages 20-27, August.

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