THE INVESTIGATION OF FACTORS INFLUENCING THE MARKET PRICES OF AGRICULTURAL LAND IN HUNGARY

Zsuzsanna Tóth-Naár, Pál Ádám Sőreg, Tamás Antal Naár and Sergey A. Vinogradov

APSTRACT: Applied Studies in Agribusiness and Commerce, 2018, vol. 12, issue 01-2

Abstract: The role of land (as the basis and the resource of agricultural production) is the most significant among the resources of production. The ownership of land, its use, the issue of its price and value, they have been key problems of political, social, legal and economic decisions. There were theoretical and practical experts throughout the world, and we intensively have to deal with the issue of land evaluation. In our research using empirical data collection and statistical methods, we examined not only the factors have influenced on land prices, but its effect as well. We have proven that the „golden crown”-based land evaluation system (golden crown is a measurement unit of the quality of agricultural land in Hungary) can show the land quality differences even today, but in spite of this, the results of calculations (and also the practice) increasingly justify and urge the necessity of the introduction of a modern land evaluation system.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ags:apstra:292359

DOI: 10.22004/ag.econ.292359

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