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Key Issues and Developments in Farmland Sales Markets in the EU Member States and Candidate Countries

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  • Ciaian, Pavel,
  • Kancs, d’Artis
  • Swinnen, Jo
  • Van Herck, Kristine
  • Vranken, Liesbet

Abstract

This paper describes recent developments in sales markets of agricultural land in selected member states of the European Union and its candidate countries. Analysis focuses on the importance of the sales market for agricultural land, the average size of transacted plots, and the evolution and magnitude of the land sales prices. The share of agricultural land sold on the market is relatively stable in most of the old member states, with the exception of Finland, the Netherlands and the UK, where a more dynamic market is observed. For the new member states, the sales market for agricultural land is strongly affected by public sales under the ongoing land privatisation programmes, while strong variation prevails in the private sales market. Substantial differences are also observed in both the average size of the transacted plots and the sales prices. For the latter, price regulations partially explain the heterogeneity in the evolution of sales prices.

Suggested Citation

  • Ciaian, Pavel, & Kancs, d’Artis & Swinnen, Jo & Van Herck, Kristine & Vranken, Liesbet, 2012. "Key Issues and Developments in Farmland Sales Markets in the EU Member States and Candidate Countries," Factor Markets Working Papers 114, Centre for European Policy Studies.
  • Handle: RePEc:eps:fmwppr:114
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    File URL: http://www.factormarkets.eu/system/files/FM_WP12%20CEPS%20on%20Key%20Issues%20in%20Farmland%20Sales%20Markets_D14.1_final.pdf
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    References listed on IDEAS

    as
    1. Pavel Ciaian & d’Artis Kancs & Johan Swinnen, 2010. "EU Land Markets and the Common Agricultural Policy," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 53(3), pages 1-31.
    2. Pavel Ciaian & Johan F.M. Swinnen, 2009. "Credit Market Imperfections and the Distribution of Policy Rents," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(4), pages 1124-1139.
    3. Carter, Michael R. & Zimmerman, Frederick J., 2000. "The dynamic cost and persistence of asset inequality in an agrarian economy," Journal of Development Economics, Elsevier, vol. 63(2), pages 265-302, December.
    4. Pavel Ciaian & Johan F.M. Swinnen, 2006. "Land Market Imperfections and Agricultural Policy Impacts in the New EU Member States: A Partial Equilibrium Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(4), pages 799-815.
    5. Ciaian, Pavel & Kancs, d'Artis & Swinnen, Johan F.M. & Van Herck, Kristine & Vranken, Liesbet, 2012. "Rental Market Regulations for Agricultural Land in EU Member States and Candidate Countries," Working papers 120250, Factor Markets, Centre for European Policy Studies.
    6. Ciaian, Pavel, & Kancs, d’Artis & Swinnen, Jo & Van Herck, Kristine & Vranken, Liesbet, 2012. "Sales Market Regulations for Agricultural Land in EU Member States and Candidate Countries," Factor Markets Working Papers 116, Centre for European Policy Studies.
    7. Lerman, Zvi, 2001. "Agriculture in transition economies: from common heritage to divergence," Agricultural Economics, Blackwell, vol. 26(2), pages 95-114, November.
    8. Ciaian, Pavel & Swinnen, Johan F.M., 2009. "AJAE appendix for ‘Credit Market Imperfections and the Distribution of Policy Rents’," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 0(Number 4), pages 1-10, February.
    9. Bojnec, Stefan, 2011. "Land Markets in the Three Candidate Countries of the EU," Working papers 117482, Factor Markets, Centre for European Policy Studies.
    10. Lerman, Zvi, 2001. "Agriculture in transition economies: from common heritage to divergence," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 26(2), November.
    11. Pavel Ciaian & Johan F.M. Swinnen, 2006. "Land Market Imperfections and Agricultural Policy Impacts in the New EU Member States: A Partial Equilibrium Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(4), pages 799-815.
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    Cited by:

    1. Sahrbacher, Amanda & Sahrbacher, Christoph & Ostermeyer, Arlette, 2014. "How financial constraints distort farm investment behaviour and regional development: a comparative analysis of four European regions," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182720, European Association of Agricultural Economists.
    2. repec:ags:frraes:208764 is not listed on IDEAS
    3. Alexander März & Nadja Klein & Thomas Kneib & Oliver Musshoff, 2016. "Analysing farmland rental rates using Bayesian geoadditive quantile regression," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 43(4), pages 663-698.
    4. Demartini, Eugenio & Gaviglio, Anna & Gelati, Marco & Cavicchioli, Daniele, 2016. "The Lords of the Rent," 149th Seminar, October 27-28, 2016, Rennes, France 245705, European Association of Agricultural Economists.
    5. Lefebvre, Marianne & Raggi, Meri & Gomez Y Paloma, Sergio & Viaggi, Davide, 2014. "An analysis of the intention-realisation discrepancy in EU farmers’ land investment decisions," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 0(Issue 1).
    6. Élodie Letort & Chalachew Temesgen, 2014. "Influence of environmental policies on farmland prices in the Bretagne region of France," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 95(1), pages 77-109.
    7. Jansson, Kristina Hedman & Lagerkvist, Carl Johan, 2013. "Performance Indicators in Agricultural Financial Markets," Working papers 155701, Factor Markets, Centre for European Policy Studies.
    8. Sahrbacher, Christoph & Sahrbacher, Amanda & Ostermeyer, Arlette, 2013. "Simulation Results of AgriPoliS about Diminishing Capital Subsidies and Restrictions," Factor Markets Working Papers 167, Centre for European Policy Studies.
    9. Ciaian, Pavel & Kancs, d'Artis & Swinnen, Johan F.M. & Van Herck, Kristine & Vranken, Liesbet, 2012. "Key Issues and Developments in Farmland Rental Markets in EU Member States and Candidate Countries," Working papers 120248, Factor Markets, Centre for European Policy Studies.
    10. Curtiss, Jarmila & Jelínek, Ladislav & Hruška, Martin & Medonos, Tomáš & Vilhelm, Václav, 2013. "The Effect of Heterogeneous Buyers on Agricultural Land Prices: The Case of the Czech Land Market," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 62(2).
    11. DRABIK, Dušan & RAJČÁNIOVÁ, Miroslava, 2014. "Agricultural Land Market In Slovakia Under The New Land Acquisition Law," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 0(Number 2), pages 1-4, October.
    12. Hedman Jansson, Kristina & Lagerqvist, Carl Johan, 2013. "Performance Indicators in Agricultural Financial Markets," Factor Markets Working Papers 155, Centre for European Policy Studies.
    13. repec:ags:frraes:208765 is not listed on IDEAS
    14. Odening, Martin & Ritter, Matthias & Hüttel, Silke, 2015. "The term structure of land lease rates," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 201664, Agricultural and Applied Economics Association.
    15. Letort, Elodie & Temesgen, Chalachew, 2013. "Influence of environmental policies on farmland prices in the Bretagne region of France," Working Papers 207853, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    16. Geoghegan, Cathal & Kinsella, Anne & O’Donoghue, Cathal, 2015. "Policy Drivers of Land Mobility in Irish Agriculture," 150th Seminar, October 22-23, 2015, Edinburgh, Scotland 212658, European Association of Agricultural Economists.

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