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Location determinants of agricultural land prices

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  • Pia Nilsson
  • Sara Johansson

Abstract

Dieses Papier analysiert Determinanten von agrarwirtschaftlichen Landpreisen mit einem besonderen Fokus auf standort-spezifischen Faktoren. Ein asset-pricing Modell wird verwendet um agrarwirtschaftliche Preise in erwartete Erträge von der tatsächlichen Nutzung und der potenziellen Nutzung zu zerlegen. Das Modell wird im inter-regionalen Kontext geschätzt mit erklärenden Faktoren hinsichtlich der regionalen Variationen von agrarwirtschaftlicher Landproduktivität, Subventionen und städtischen Regionen in Beziehung gesetzt werden. Die Resultate zeigen dass sowohl agrarwirtschaftliche wie auch nicht-agrarwirtschaftliche Faktoren entscheidende Determinanten fuer den Preis sind. Anhand der marginalen Effekten zeigt sich dass agrarwirtschaftliche Faktoren in Gemeinden mit hohen Preisen entscheidend sind, wogegen in Gemeinden mit niedrigen Preisen agrarwirtschaftliche Subventionen der wichtigste Einflussfaktor ist. Copyright The Author(s) 2013

Suggested Citation

  • Pia Nilsson & Sara Johansson, 2013. "Location determinants of agricultural land prices," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 33(1), pages 1-21, February.
  • Handle: RePEc:spr:jahrfr:v:33:y:2013:i:1:p:1-21
    DOI: 10.1007/s10037-012-0071-4
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    2. Chang, H.H., 2018. "Stigmatized versus Capitalization Effect on Farmland Prices - Application to the Agricultural Disaster Relief Program in Taiwan," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 276977, International Association of Agricultural Economists.
    3. repec:elg:eechap:14395_20 is not listed on IDEAS
    4. Polcyn, Jan, 2017. "Edukacja jako dobro publiczne - próba kwantyfikacji [Education as a public good – an attempt at quantification]," MPRA Paper 76606, University Library of Munich, Germany, revised 2017.
    5. Pavel Ciaian & d'Artis Kancs & Dusan Drabik, 2016. "Land Markets in Europe: Institutions and Market Outcomes," EERI Research Paper Series EERI RP 2016/10, Economics and Econometrics Research Institute (EERI), Brussels.
    6. Tzong-Haw Lee & Hung-Hao Chang & Yi-Ting Hsieh & Bo-Yuan Chang, 2021. "Can Agricultural Disaster Relief Programs Affect Farmland Prices? Empirical Evidence from Farmland Transaction Data," Land, MDPI, vol. 10(7), pages 1-14, July.
    7. Huijian Dong & Xiaomin Guo, 2020. "Population, Income, and Farmland Pricing in an Open Economy," IJFS, MDPI, vol. 8(4), pages 1-18, October.
    8. Czyżewski, Bazyli & Matuszczak, Anna & Czyżewski, Andrzej & Brelik, Agnieszka, 2021. "Public goods in rural areas as endogenous drivers of income: Developing a framework for country landscape valuation," Land Use Policy, Elsevier, vol. 107(C).
    9. Czyżewski, Bazyli & Trojanek, Radosław, 2016. "Drivers of agricultural land prices in terms of different functions of rural areas in Poland," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 249742, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    10. Lehn, Friederike & Bahrs, Enno, 2018. "Analysis of factors influencing standard farmland values with regard to stronger interventions in the German farmland market," Land Use Policy, Elsevier, vol. 73(C), pages 138-146.
    11. Jannet C. Bencure & Nitin K. Tripathi & Hiroyuki Miyazaki & Sarawut Ninsawat & Sohee Minsun Kim, 2019. "Development of an Innovative Land Valuation Model (iLVM) for Mass Appraisal Application in Sub-Urban Areas Using AHP: An Integration of Theoretical and Practical Approaches," Sustainability, MDPI, vol. 11(13), pages 1-17, July.

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    More about this item

    Keywords

    Land price; Asset pricing; Single farm payment; Quantile regression; Q11; Q15; Q24; R12;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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