Pricing manure spreading rights: measure from the land market

Philippe Le Goffe and Julien Salanié
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Philippe Le Goffe: SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRA - Institut National de la Recherche Agronomique - AGROCAMPUS OUEST

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Abstract: This paper deals with manure spreading markets in France. We focalise on the capitalisation of the manure spreading rent in the land market. First, the paper summarises the literature on farmland prices. Then we develop a theoretical model based on farm profit maximisation from which we derive inverse demand functions for land and manure spreading rights. We then provide a hedonic application dealing with 7000 individual transactions from the land market of Brittany (westem France). Land price is explained by land quality and specialisation, cereal and milk yields. Land price rises when livestock concentration increases. Pig density gets the best results. We conclude making a comparison with the manure market in the Netherlands and dealing with future research.

Keywords: hedonic pricing; market; demand; land; Land use rights; manure spreading markets; manure spreading; manure surplus; nitrogen (search for similar items in EconPapers)
Date: 2005-06-04
Note: View the original document on HAL open archive server: https://hal.science/hal-02338151v1
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Published in 79th Agricultural Economics Society's annual Conference, Agricultural Economics Society, Jun 2005, Nottingham, United Kingdom. 24 p

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