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| Mela, Giulio; Longhitano, Davide; Povellato, Andrea. |
| Interest towards farmland market has been increasing in recent years. In developing countries there is rising concern about land being purchased by foreign investors, while in the developed world the debate is centred on whether agricultural factors are still the main determinants of land values or not. This work assesses the determinants of land values in Italy using panel data techniques during the time span 1992-2010. In Italy farmland values have historically been influenced more by natural characteristics of the land than agricultural prices. However, lately non-agricultural factors have been increasing their importance. We find that agricultural prices only slightly affect average land values in Italy. Main determinants of land prices are the yield... |
| Tipo: Presentation |
Palavras-chave: Farmland prices; Land market; Panel data models; Farmland values determinants; Risk and Uncertainty; C23; E32; Q24.. |
| Ano: 2012 |
URL: http://purl.umn.edu/122479 |
