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Pricing manure spreading rights: measure from the land market

Author

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  • Philippe Le Goffe

    (SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRA - Institut National de la Recherche Agronomique - AGROCAMPUS OUEST)

  • Julien Salanie

    (SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRA - Institut National de la Recherche Agronomique - AGROCAMPUS OUEST)

Abstract

This paper deals with manure spreading markets in France. We focalise on the capitalisation of the manure spreading rent in the land market. First, the paper summarises the literature on farmland prices. Then we develop a theoretical model based on farm profit maximisation from which we derive inverse demand functions for land and manure spreading rights. We then provide a hedonic application dealing with 7000 individual transactions from the land market of Brittany (westem France). Land price is explained by land quality and specialisation, cereal and milk yields. Land price rises when livestock concentration increases. Pig density gets the best results. We conclude making a comparison with the manure market in the Netherlands and dealing with future research.

Suggested Citation

  • Philippe Le Goffe & Julien Salanie, 2005. "Pricing manure spreading rights: measure from the land market," Post-Print hal-02338151, HAL.
    • Handle: RePEc:hal:journl:hal-02338151
    Note: View the original document on HAL open archive server: https://hal.science/hal-02338151
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    References listed on IDEAS

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