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The Case for Long-Term Land Leasing: A Review of the Empirical Literature

Adewale Henry Adenuga (), Claire Jack () and Ronan McCarry ()
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Adewale Henry Adenuga: Economics Research Branch, Agri-Food and Biosciences Institute, 18a Newforge Lane, Belfast BT9 5PX, UK
Claire Jack: Economics Research Branch, Agri-Food and Biosciences Institute, 18a Newforge Lane, Belfast BT9 5PX, UK
Ronan McCarry: Economics Research Branch, Agri-Food and Biosciences Institute, 18a Newforge Lane, Belfast BT9 5PX, UK

Land, 2021, vol. 10, issue 3, 1-21

Abstract: Land, as a factor of production, has a vital role within the agricultural sector compared with other sectors. However, in recent years, land mobility has become a significant issue around the world with increased concentration and competition for land ownership, limiting the overall competitiveness of the agri-food sector and constraining the potential opportunities for new entrant farmers to access land. While land leasing is increasingly being embraced as a common form of land tenure serving as an alternative to the purchase of land for agriculture, the length of lease has been shown to have a significant impact on land productivity and sustainability. In this study, we provide a comprehensive and systematic review exploring the benefits of longer-term land leasing with a particular focus on developed countries and some selected developing countries in the context of commercial farming with more formal arrangements. Specifically, we highlight the barriers to long-term land leasing and identify potential incentives that might be adopted to encourage long-term land leasing for both landowners and farmers who seek to rent land.

Keywords: land leasing; agricultural policy; land use; tenure security (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2021
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