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Provedor de dados:  AgEcon
País:  United States
Título:  IMPACTS OF 2003 CAP REFORM ON LAND PRICES: FROM THEORY TO EMPIRICAL RESULTS
Autores:  Kilian, Stefan
Anton, Jesus
Roder, Norbert
Salhofer, Klaus
Data:  2008-11-12
Ano:  2008
Palavras-chave:  Land rent
Capitalisation of payments
CAP Fischler Reform
Agricultural and Food Policy
Public Economics
Q18
Q15
H22
Resumo:  Based on a graphical model we analyse the impacts of the Fischler Reform on land prices and the capitalization of single farm payments (sfp) into land values. The model shows that if there are more sfp than eligible land, the capitalization ratio will not decline but rather increase due to the inclusion of animal premiums in the sfp. We can confirm our theoretical results for cross-section data on land rental prices in Bavaria in 2005. Empirical results indicate that sfp of the Fischler reform are more capitalized into rental prices than the coupled direct payments of the time prior to the reform.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  http://purl.umn.edu/44808
Relação:  European Association of Agricultural Economists>109th Seminar, November 20-21, 2008, Viterbo, Italy
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