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Willingness to Pay and Willingness to Accept for Farmland Leasing and Custom Farming in Taiwan

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  • Chang, T.
  • Takahashi, D.

Abstract

The objective of this study is to analyze and compare the valuation of farmer participation in the farmland leasing market and the custom-farming services market. This study analyzes surveys on 301 rice farmers in Taiwan in 2014 using the contingent valuation method to analyze the willingness to pay and willingness to accept of both markets. The empirical analysis indicated that factors of greater significance causing reduced the WTA for lending farmland, which can reduce supply in the farmland-leasing market include the expectation of farmland diversion, and the existence of transaction costs in the farmland lending market. The analysis also indicates that an increase in the WTA price for lending farmland was a primary factor for the increase in the WTP for custom-farming services, which indicates that the vibrant growth of the custom-farming services market in Taiwan is affected by the WTA farmland lending. The findings show that development of the custom-farming services market cannot be expected to lead to greater farmland liquidation. Acknowledgement :

Suggested Citation

  • Chang, T. & Takahashi, D., 2018. "Willingness to Pay and Willingness to Accept for Farmland Leasing and Custom Farming in Taiwan," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277426, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae18:277426
    DOI: 10.22004/ag.econ.277426
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    References listed on IDEAS

    as
    1. Chang, Tsaiyu, 2012. "A Quantitative Analysis of the Farmland Conversion Problem in Taiwan," Journal of Rural Economics, Agricultural Economics Society of Japan, vol. 84(3), pages 1-13, December.
    2. Jin Yang & Zuhui Huang & Xiaobo Zhang & Thomas Reardon, 2013. "The Rapid Rise of Cross-Regional Agricultural Mechanization Services in China," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 95(5), pages 1245-1251.
    3. Fujiki, Hiroshi, 1999. "The Structure of Rice Production in Japan and Taiwan," Economic Development and Cultural Change, University of Chicago Press, vol. 47(2), pages 387-400, January.
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    Cited by:

    1. Rudzani Vhuyelwani Angel Mudzielwana & Paramu Mafongoya & Maxwell Mudhara, 2022. "An Analysis of Livelihood-Diversification Strategies among Farmworker Households: A Case Study of the Tshiombo Irrigation Scheme, Vhembe District, South Africa," Agriculture, MDPI, vol. 12(11), pages 1-17, November.
    2. Chang, Tsaiyu, 2021. "Would Religious Social Capital Affect Farmland Transactions? A Spatial Autoregressive Analysis in Taiwan," 2021 Conference, August 17-31, 2021, Virtual 314975, International Association of Agricultural Economists.
    3. Rudzani Mudzielwana & Paramu Mafongoya & Maxwell Mudhara, 2022. "An Analysis of the Determinants of Irrigation Farmworkers’ Food Security Status: A Case of Tshiombo Irrigation Scheme, South Africa," Agriculture, MDPI, vol. 12(7), pages 1-14, July.
    4. Tsaiyu Chang, 2021. "Does religious social capital affect farmland transactions? A spatial autoregressive analysis in Taiwan," Letters in Spatial and Resource Sciences, Springer, vol. 14(3), pages 223-245, December.

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