Institutional Factors Affecting Agricultural Land Markets

This paper analyses the main institutional factors affecting the rental and sales markets for agricultural land. Particular attention is paid to the effects of the common agricultural policy on land markets, and more specifically the underlying mechanism through which agricultural subsidies are capitalised into land values and farmland rents. This paper also provides a broad overview of the empirical studies that estimate the impact of agricultural support policies on land rents and land prices. Various other fundamental factors that affect agricultural land markets are discussed, such as land market institutions and regulations, transaction costs, credit market constraints and levels of profitability, the legal means of contract enforcement and land use alternatives.


Editor(s):
CEPS
Issue Date:
2012-02
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
ISBN 978-94-6138-152-1 (Other)
PURL Identifier:
http://purl.umn.edu/120251
Total Pages:
21
Series Statement:
Factor Markets Working Paper
No. 16




 Record created 2017-04-01, last modified 2017-08-26

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