Influence of agricultural support on sale prices of french farmland: a comparison of different subsidies, accounting for the role of environmental and land regulations
Fiche du document
2013
- handle: 10670/1.hm4vkq
- isbn: ISBN 978-94-6138-318-1
- hal: hal-00939781
- PRODINRA: 209443
Ce document est lié à :
info:eu-repo/grantAgreement/EC/FP7/245123/EU/Comparative Analysis of Factor Markets for Agriculture across the Member States/FACTOR MARKETS
info:eu-repo/semantics/OpenAccess
Sujets proches
Land Land utilization Utilization of land Use of land Farm subsidies Agricultural industries--SubsidiesCiter ce document
Laure L. Latruffe et al., « Influence of agricultural support on sale prices of french farmland: a comparison of different subsidies, accounting for the role of environmental and land regulations », HAL-SHS : économie et finance, ID : 10670/1.hm4vkq
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Résumé
This paper investigates the determinants of agricultural land price in several regions in France over the period 1994-2011, using individual plot transaction data, with a particular emphasis on agricultural subsidies and nitrate zoning regulations. It found a positive but relatively small capitalisation effect of the total subsidies per hectare. The data revealed that agricultural subsidies capitalised, at least to some extent, but the magnitude of such a capitalisation depends on the region considered, on the type of subsidy considered, and on the location of the plot in a nitrate surplus zone or not. Only land setaside premiums significantly capitalise into land price, while single farm payments have a significant positive capitalisation impact only for plots located in a nitrate-surplus zone.