Direct Payments and Land Rents: Evidence from New Member States

This Factor Markets Working Paper analyses the impact of increasing direct payments on land rents in six new EU member states in which agricultural subsidies largely increased as a result of their EU accession. The authors find that up to 25 eurocents per additional euro of direct payments is capitalised in land rents. In addition, the results show that capitalisation of direct payments is higher in more credit constrained markets, while capitalisation of direct payments is lower in countries where more land is used by corporate farms.


Editor(s):
CEPS
Issue Date:
Aug 30 2013
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/157121
Total Pages:
22
Series Statement:
Factor Markets Working Paper
62




 Record created 2017-04-01, last modified 2017-08-27

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