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Institutional Factors Affecting Agricultural Land Markets. Factor Markets Working Paper No. 16, February 2012

Ciaian, Pavel and Kancs, d'Artis and Swinnen, Jo and Van Herck, Kristine and Vranken, Liesbet (2012) Institutional Factors Affecting Agricultural Land Markets. Factor Markets Working Paper No. 16, February 2012. [Working Paper]

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    Abstract

    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.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > agriculture policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > Factor Markets Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 17 Dec 2014 15:17
    Number of Pages: 22
    Last Modified: 17 Dec 2014 15:17
    URI: http://aei.pitt.edu/id/eprint/58519

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