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Functioning of Land Markets in the EU Member States

Johan Swinnen (), Pavel Ciaian and d'Artis Kancs

Journal of Economics and Econometrics, 2008, vol. 51, issue 2, 48-62

Abstract: Economic theory, as well as empirical findings, suggest that the way in which agricultural support is provided has an influence on land markets, because payments capitalise to some degree into land values, affecting both the sale and rental price of land. The present paper analyses how the income distributional effects and farm restructuring are impacted by the SPS by accounting for entitlement tradability, cross-compliance requirements, different SPS implementation models, and the entitlement stock. Our results suggest that the SPS implication details are highly important: farmers’ benefits can range from 100% of the SPS value to a negative policy incidence, and farm structural change may be hindered by the SPS.

Keywords: Capitalisation; land market; income distributional effects; SPS; structural change. (search for similar items in EconPapers)
JEL-codes: H22 L11 Q11 Q12 Q15 Q18 P32 R12 (search for similar items in EconPapers)
Date: 2008
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Working Paper: Study on the Functioning of Land Markets in the EU Member States under the Influence of Measures applied under the Common Agricultural Policy (2008) Downloads
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Handle: RePEc:eei:journl:v:51:y:2008:i:2:p:48-62