Institutional Factors Affecting Agricultural Land Markets
Johan Swinnen (),
Kristine Van Herck and
Liesbet Vranken ()
No 120251, Working papers from Factor Markets, Centre for European Policy Studies
This paper analyses the main institutional factors affecting the rental and sales markets for agricultural land. Particular attention is paid to the effects of the common agricultural policy on land markets, and more specifically the underlying mechanism through which agricultural subsidies are capitalised into land values and farmland rents. This paper also provides a broad overview of the empirical studies that estimate the impact of agricultural support policies on land rents and land prices. Various other fundamental factors that affect agricultural land markets are discussed, such as land market institutions and regulations, transaction costs, credit market constraints and levels of profitability, the legal means of contract enforcement and land use alternatives.
Keywords: Agricultural and Food Policy; Land Economics/Use (search for similar items in EconPapers)
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Working Paper: Institutional Factors Affecting Agricultural Land Markets (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:famawp:120251
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