The Capitalisation of Fixed per hectare Payment into Land Rental Prices: a Spatial Econometric Analysis of Regions in EU

Gianni Guastella, Daniele Moro, Paolo Sckokai and Mario Veneziani

No 173093, 2014 Third Congress, June 25-27, 2014, Alghero, Italy from Italian Association of Agricultural and Applied Economics (AIEAA)

Abstract: Following the decoupling of agricultural support from productions, the likelihood that payments get capitalised into farmland rent or sale prices has increased. In this study, the issue of capitalisation is examined for the case of regions in the EU and the three year (2006-2008) time span following the introduction of the reform is considered in an attempt to disentangle the effect of the decoupling. Evidence put forward in this study confirms the results of previous literature at the micro-level, suggesting that an additional 1% granted to farmers translates into an increase of 0.22% in farmland rents.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 10
Date: 2014
New Economics Papers: this item is included in nep-agr and nep-eur
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Citations: View citations in EconPapers (11)

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Working Paper: The capitalization of fixed per hectare payment into land rental prices: a spatial econometric analysis of regions in EU (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aiea14:173093

DOI: 10.22004/ag.econ.173093

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