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Location determinants of agricultural land prices

Author

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  • Pia Nilsson

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  • Sara Johansson

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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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    References listed on IDEAS

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    Citations

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    Cited by:

    1. 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.
    2. Pavel Ciaian & d'Artis Kancs & Maria Espinosa, 2016. "The Impact of the 2013 CAP Reform on the Decoupled Payments' Capitalization into Land Values," JRC Working Papers JRC101619, Joint Research Centre (Seville site).
    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. Czyżewski, Bazyli & Trojanek, Radosław, 0. "Drivers of agricultural land prices in terms of different functions of rural areas in Poland," Problems of Agricultural Economics, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).

    More about this item

    Keywords

    Land price; Asset pricing; Single farm payment; Quantile regression; Q11; Q15; Q24; R12;

    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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