CAPITALIZATION OF GOVERNMENT SUPPORT IN AGRICULTURAL LAND PRICES: WHAT DO WE KNOW?

2009 ◽  
Vol 23 (4) ◽  
pp. 659-691 ◽  
Author(s):  
Laure Latruffe ◽  
Chantal Le Mouël
Keyword(s):  
Agricultural Land ◽  
Government Support ◽  
Land Prices ◽  
Agricultural Land Prices

scholarly journals Capitalisation of government support in agricultural land prices in the Czech Republic

2008 ◽  
Vol 54 (No. 10) ◽  
pp. 451-460 ◽  
Author(s):  
L. Latruffe ◽  
T. Doucha ◽  
Ch. Le Mouël ◽  
T. Medonos ◽  
V. Voltr
Keyword(s):  
Agricultural Land ◽  
Public Support ◽  
Government Support ◽  
Land Values ◽  
The Czech Republic ◽  
Land Prices ◽  
Direct Payments ◽  
Agricultural Land Prices ◽  
Eu New Member States ◽  
The Eu

The recent implementation of the CAP Single Area Payments in the EU New Member States raises the question of whether a quick capitalisation of these payments is expected. Capitalisation of public support to agriculture into land prices indicates that the benefits are partly transferred toward landowners rather than toward producers. This distributional aspect is of particular importance in countries where a large proportion of land is farmed by producers who do not own this land. This study investigates the influence of several types of support on Czech agricultural land prices from private transactions between 1995–2001. The past period direct payments have been capitalised at the strongest rate, despite their low level and imperfections on the land market, suggesting that such support is most easily transferred to land values. A continuing capitalisation might threaten the farming activity, as farms are almost only tenanted. And because most of the landowners live in towns, there is a risk of an extreme leakage of support not only outside the farming sector, but also outside the rural sector.

scholarly journals Does Climatic Variability Influence Agricultural Land Prices under Differing Uses? The Texas High Plains Case

2013 ◽  
Vol 04 (08) ◽  
pp. 506-513
Author(s):  
Rachna Tewari ◽  
Jeff Johnson ◽  
Darren Hudson ◽  
Chenggang Wang ◽  
Dennis Patterson
Keyword(s):  
Agricultural Land ◽  
Climatic Variability ◽  
High Plains ◽  
Land Prices ◽  
Texas High Plains ◽  
Agricultural Land Prices

scholarly journals CONDITIONS OF AGRICULTURAL LAND PRICES DEVELOPMENT IN POLAND

AGROFOR ◽  
2018 ◽  
Vol 2 (1) ◽  
Author(s):  
Renata MARKS-BIELSKA
Keyword(s):  
Agricultural Production ◽  
Agricultural Land ◽  
Private Property ◽  
Supply And Demand ◽  
Policy Instruments ◽  
State Institution ◽  
The State ◽  
The European Union ◽  
Land Prices ◽  
Agricultural Land Prices

The aim of the paper has been to diagnose factors determining agricultural landprices, classifying them and determining which of them plays the most importantrole. The considerations were based on selected subject literature, the results ofresearches conducted by other authors, as well as analysis of statistical data from theCentral Statistical Office of Poland and Eurostat. Factors determining agriculturalland prices in Poland can be divided into two groups: 2) Market: supply and demandfor agricultural land allotted to agricultural production; supply and demand foragricultural land that can be, in compliance with the binding law, allotted to purposesother than agricultural; simultaneous functioning of two market segments - private(on which a majority of land trading is conducted among farmers) as well as the statemarket segment – the Stock of Agricultural Property of the State Treasury managed,on behalf of the owner - the State Treasury, by the state institution - the AgriculturalProperty Agency; profitability of agricultural production. 2) Non-market: historicalconditions – dominance of private property in Polish agriculture, both in the marketeconomy and in the previous economic system; tradition, culture - passing farmsfrom generation to generation; Poland’s accession to the European Union andcovering Polish farmers with common agricultural policy instruments; ending thetransitional period of purchasing Polish agricultural properties by foreigners on 1May 2016. After this period, the hitherto limitations (special permits) for foreignersin purchasing agricultural properties in Poland were lifted.

scholarly journals Agricultural Land Price Convergence: Evidence from Polish Provinces

Agriculture ◽  
2020 ◽  
Vol 10 (5) ◽  
pp. 183 ◽  
Author(s):  
Mateusz Tomal ◽  
Agata Gumieniak
Keyword(s):  
Market Integration ◽  
Fixed Effects ◽  
Agricultural Land ◽  
Land Market ◽  
Price Convergence ◽  
Present Value ◽  
Land Price ◽  
Land Prices ◽  
Long Run ◽  
Agricultural Land Prices

This research deals with the problem of agricultural land market efficiency using the spatial market integration concept as well as the present value (PV) model. Empirically, it aims to test the convergence of agricultural land prices across Polish provinces. In order to check the law of one price (LOP), good-quality, medium-quality and bad-quality land sales markets are examined separately. Furthermore, this study is complemented by an analysis of the drivers behind agricultural land price convergence. The main method of testing price convergence is the log t regression. The latter was performed in two configurations, i.e., based on trend components of time series extracted using the Hodrick–Prescott filter and the Hamilton filter. Additionally, traditional β- and σ-convergence tests were applied. The obtained results indicated that agricultural land prices tend to converge in relative terms, which means that the provinces share a common long-run growth path. This finding and estimates of traditional convergence tests prove the increasing integration in the agricultural land market in Poland. There is no evidence, however, to support the conclusion that the absolute version of the long-run LOP holds. Moreover, using dynamic fixed effects models, it was identified that for good-, medium- and bad-quality land prices almost the same drivers of convergence apply. The only differences concern the strength of the influence of independent variables on prices of farmland of various types. Additionally, bad-quality land prices are the only ones which are affected by livestock density. Furthermore, estimates of the present value model finally confirmed that the agricultural land sales market in Poland cannot be considered as efficient.

A hedonic analysis of agricultural land prices in Pakistan`s Peshawar district

2016 ◽  
Vol 6 (4) ◽  
pp. 59-67
Author(s):  
Salman Khan ◽  
Ghaffar Ali ◽  
Syed Attaullah Shah ◽  
Abbas Ullah Jan ◽  
Dawood Jan ◽  
...  
Keyword(s):  
Agricultural Land ◽  
Hedonic Analysis ◽  
Land Prices ◽  
Agricultural Land Prices

scholarly journals Agricultural land market in Slovakia

2008 ◽  
Vol 53 (No. 4) ◽  
pp. 146-153 ◽  
Author(s):  
S. Buday
Keyword(s):  
Agricultural Land ◽  
Point Of View ◽  
Land Market ◽  
Foreign Investors ◽  
Land Prices ◽  
The Third ◽  
Agricultural Use ◽  
Agricultural Land Prices ◽  
The Eu

The agricultural land market in Slovakia has noted an increased dynamics recently. Such situation was a result of entering big foreign investors, particularly car factories, which had bought agricultural land for construction purposes. It resulted in the raised prices of plots. Agricultural land prices sold for the further agricultural use are markedly lower from the national point of view than in the EU-15. Such prices are also the third lowest ones within the new member countries of the EU.

scholarly journals Political rents in the European Union’s agriculture

Management ◽  
2014 ◽  
Vol 18 (2) ◽  
pp. 191-203 ◽  
Author(s):  
Bazyli Czyżewski ◽  
Agnieszka Brelik
Keyword(s):  
Agricultural Land ◽  
Choice Theory ◽  
Land Rent ◽  
The Public ◽  
Land Prices ◽  
Modern Agriculture ◽  
Capital Productivity ◽  
Land Rents ◽  
Agricultural Land Prices ◽  
The Eu

Abstract Occurrence of land rents in modern agriculture of the EU is confirmed by the long-lasting upward trend in agricultural land prices. However, a question arises whether these rents are differential ones, linked with a different productivity of agricultural land, absolute ones in the classical sense, or political rents in the meaning of the public choice theory? The objectives of the article are mainly theoretical. The authors made an attempt at verifying the concept of land rent formulated on the basis of studies carried out in Poland. This time, the scope of research includes a cross-section of all agricultural structures of the EU. According to the above-mentioned concept, the source of a modern land rent is higher expected productivity of capital in agriculture than in its market environment. This phenomenon is often justified by paying political rents within the CAP. Is it really the case? The conducted research answers i.a. the question: in which countries and agricultural structures the possible difference of the abovementioned capital productivity is the biggest and to what extent it results from political rents or other factors?

scholarly journals Determination and forecast of agricultural land prices

Nova Economia ◽  
2014 ◽  
Vol 24 (2) ◽  
pp. 389-408 ◽  
Author(s):  
Bastiaan Philip Reydon ◽  
Ludwig Einstein Agurto Plata ◽  
Gerd Sparovek ◽  
Rafael Guilherme Burstein Goldszmidt ◽  
Tiago Santos Telles
Keyword(s):  
Agricultural Land ◽  
Production Systems ◽  
Multiple Regression Model ◽  
Hedonic Price ◽  
Land Prices ◽  
Independent Variables ◽  
Production Location ◽  
Physical Attributes ◽  
Parsimonious Model ◽  
Agricultural Land Prices

The aim of this study is to discuss and apply hedonic methodology for the determination and forecast of land prices in specific markets. This is important due to the fact that there is no official or reliable information in Brazil on current prices in land market transactions. This hedonic price methodology uses a multiple regression model which has, as an explanatory variable, the price per hectare and independent variables related to physical attributes (soil, climate and terrain), production (systems of production, location, access), infrastructure of the property and expectations (regional scenario, local investments). Application of the methodology to a Homogeneous Zone of the state of Maranhão, in Brazil, generated a parsimonious model, in which five independent variables were responsible for 70% of the variance in the price of agricultural land.

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