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Farmland Ownership Restrictions: Between a Rock and a Hard Place

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  • Bell, Peter N

Abstract

This paper explores unintended consequences of policy that restricts land ownership. I describe certain farmland investment funds that are active in Canada, policy in the Province of Saskatchewan that has restricted ownership since 1974, and how the two are related. I argue that global economic conditions from 1974-2002 created pent-up demand for Saskatchewan farmland, which led to growth in farmland investment after the restrictions were relaxed in 2002. I describe how this situation could repeat itself in the future and put policy makers into a tough situation.

Suggested Citation

  • Bell, Peter N, 2014. "Farmland Ownership Restrictions: Between a Rock and a Hard Place," MPRA Paper 53033, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53033
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    File URL: https://mpra.ub.uni-muenchen.de/53033/1/MPRA_paper_53033.pdf
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    References listed on IDEAS

    as
    1. Mariko Fujii, 2010. "Securitized Products, Financial Regulation, and Systemic Risk," Finance Working Papers 23010, East Asian Bureau of Economic Research.
    2. Carlberg, Jared G., 2002. "Effects Of Ownership Restrictions On Farmland Values In Saskatchewan," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(2), pages 1-10, August.
    3. Shon Ferguson & Hartley Furtan & Jared Carlberg, 2006. "The political economy of farmland ownership regulations and land prices," Agricultural Economics, International Association of Agricultural Economists, vol. 35(1), pages 59-65, July.
    4. Carlberg, Jared G., 2002. "Effects of Ownership Restrictions on Farmland Values in Saskatchewan," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 34(2), pages 349-358, August.
    5. Fujii, Mariko, 2010. "Securitized Products, Financial Regulation, and Systemic Risk," ADBI Working Papers 203, Asian Development Bank Institute.
    6. Mariko Fujii, 2010. "Securitized Products, Financial Regulation, and Systemic Risk," Working Papers id:3007, eSocialSciences.
    7. HighQuest Partners, United States, 2010. "Private Financial Sector Investment in Farmland and Agricultural Infrastructure," OECD Food, Agriculture and Fisheries Papers 33, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Bell, Peter N, 2014. "Farmland Ownership Policy: Technical Paper," MPRA Paper 53185, University Library of Munich, Germany.
    2. Bell, Peter N, 2014. "A Method for Experimental Events that Break Cointegration: Counterfactual Simulation," MPRA Paper 53523, University Library of Munich, Germany.

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    More about this item

    Keywords

    Farm; Land; Ownership; Policy; Saskatchewan; Canada;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • F6 - International Economics - - Economic Impacts of Globalization
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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