The influence of agricultural support on sale prices of french farmland: a comparison of different subsidies, accounting for the role of environmental and land regulations

Laure Latruffe, Laurent Piet (), Pierre Dupraz and Chantal Le Mouël

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Abstract: We investigate the determinants of agricultural land price in several regions in France over the period 1994-2011 using individual plots transaction data, with a particular emphasis on agricultural subsidies and nitrate zoning regulations. We found a positive but relatively small capitalisation effect of the total subsidies per hectare. We found evidence that agricultural subsidies capitalised at least to some extent. However, the magnitude of such a capitalisation depends on the region considered, on the type of subsidy considered, and on the location of the plot in a nitrate surplus zone or not. Only land set-aside premiums significantly capitalise into land price, while single farm payments have a significant positive capitalisation impact only for plots located in a nitrate surplus zone.

Keywords: France; regulations; subsidies; capitalisation; nitrate surplus area; farm land prices (search for similar items in EconPapers)
Date: 2014-06-11
Note: View the original document on HAL open archive server: https://hal.science/hal-01209044v1
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Published in FA 2014 Le Foncier Agricole : Usages, tensions et régulations, Société Française d'Economie Rurale (SFER). FRA., Jun 2014, Lyon, France. 12 p

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Related works:
Working Paper: Influence of Agricultural Support on Sale Prices of French Farmland: A comparison of different subsidies, accounting for the role of environmental and land regulations (2013)
Working Paper: The influence of agricultural support on sale prices of French farmland: A comparison of different subsidies, accounting for the role of environmental and land regulations (2013)
Working Paper: The influence of agricultural support on sale prices of French farmland: A comparison of different subsidies, accounting for the role of environmental and land regulations (2013)
Working Paper: Influence of Agricultural Support on Sale Prices of French Farmland: A comparison of different subsidies, accounting for the role of environmental and land regulations (2013)
Working Paper: The influence of agricultural support on sale prices of french farmland: a comparison of different subsidies, accounting for the role of environmental and land regulations (2013)
Working Paper: Influence of agricultural support on sale prices of french farmland: a comparison of different subsidies, accounting for the role of environmental and land regulations (2013)
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