The role of environmental and land transaction regulations on agricultural land price: The example of the French region Brittany

Laure Latruffe, Jean Joseph Minviel and Julien Salanié

No 13-11, Working Papers SMART from INRAE UMR SMART

Abstract: In this paper, we investigate how environmental and land transaction regulations influence the price of agricultural plots sold in France. We use data from individual transactions for the period 1994-2010 in the NUTS2 region Brittany. Estimations were performed both ignoring and accounting for spatial interactions (model SARAR). Regressions on three sub-samples of buyers were performed in order to assess whether different buyers have different attitudes or plans regarding the purchased farmland: a sub-sample including only farmer buyers; a sub-sample including non-farmer individual buyers and; a sub-sample including non-farmer non-individual buyers. Results indicate that the price of land is lower when buyers are farmers, that the nitrate surplus area zoning increases the price of land, even more so for farmer buyers. Regarding land transaction regulations, there is a negative effect, on land price, of the purchaser being the current tenant or being the land regulating public body SAFER. Estimating the model on different sub-samples depending on the buyers’ type sheds light on the factors which are more important for each type.

Keywords: farmland price; individual transactions; environmental regulations; SAFER regulation; spatial econometrics; Brittany (France) (search for similar items in EconPapers)
JEL-codes: Q15 Q24 Q28 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013
New Economics Papers: this item is included in nep-agr and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://ageconsearch.umn.edu/bitstream/207855/2/WP%20SMART-LERECO%2013-11.pdf (application/pdf)

Related works:
Working Paper: The role of environmental and land transaction regulations on agricultural land price: The example of the French region Brittany (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rae:wpaper:201311

Access Statistics for this paper

More papers in Working Papers SMART from INRAE UMR SMART Contact information at EDIRC.
Bibliographic data for series maintained by Anne Chauvel ().