How do institutional market players matter in farmland pricing?

Hüttel, Silke; Wildermann, Lutz; Croonenbroeck, Carsten

doi:10.1016/j.landusepol.2016.08.021

Cited by 39 publications

(29 citation statements)

References 24 publications

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“…Since 1994, the agency had 1.2 million hectares, or about 20% of the total agricultural area in the new federal states to be sold at the specific auctions. As of 2016, 156,000 ha have yet to be privatised by 2030 [17]. Figure 1 shows average farmland prices in ST between 2007 and 2016.…”

Section: Agricultural Land Market and Energy Transition In Saxony-anhaltmentioning

confidence: 99%

“…It is expected that larger plots will have a higher price, because farming activities can be more conveniently conducted with larger plots. For example, cultivation of several remote plots would lead to additional costs of transporting machinery and labor from one plot to another [17]. Average soil quality varies between 20 and 99 with a mean of 62.77.…”

Section: Community-based Modelmentioning

confidence: 99%

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The Influence of Wind Energy and Biogas on Farmland Prices

Myrna¹,

Odening²,

Ritter³

2019

Land

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In the context of the rapid development of renewable energy in Germany in the last decade, and increased concerns regarding its potential impacts on farmland prices, this paper investigates the impact of wind energy and biogas production on agricultural land purchasing prices. To quantify the possible impact of the cumulative capacity of wind turbines and biogas plants on arable land prices in Saxony-Anhalt, we estimate a community-based and a transaction-based model using spatial econometrics and ordinary least squares. Based on data from 2007 to 2016, our analysis shows that a higher cumulative capacity of wind turbines in communities leads to higher farmland transaction prices, though the effect is very small: if the average cumulative capacity of wind turbines per community doubles, we expect that farmland prices per hectare increase by 0.4%. Plots that are directly affected by a wind turbine or part of a regional development plan, however, experience strong price increases.

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Section: Agricultural Land Market and Energy Transition In Saxony-anhaltmentioning

confidence: 99%

Section: Community-based Modelmentioning

confidence: 99%

The Influence of Wind Energy and Biogas on Farmland Prices

Myrna¹,

Odening²,

Ritter³

2019

Land

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“…Indeed, several factors are currently considered in the literature to be determinants of land prices: institutional aspects [25], spatial influence [8,16,23,42,57], international investment [2,44], and the rental price of land [24,51], among others factors.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Sugarcane expansion and farmland prices in São Paulo State, Brazil

et al. 2018

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Background: Brazil is the world's largest sugarcane producer, and its production is concentrated in south-central and northeast regions, particularly in the state of São Paulo. The land use change, principally from the increasing sugarcane production, may reflect in the farmland prices. The aim of this study is to evaluate the extent to which agricultural land prices in São Paulo are determined by variations in cultivation and prices of three products that represent a significant share of agriculture in the state: sugarcane, soy and corn, in a low-inflation environment. Methods:Analysis is based on data from the Rural Development Offices (EDR) from 1997 to 2013. A simple panel data model is constructed with land price as the dependent variable, subdivided, according to the definition of the São Paulo State Institute of Agricultural Economics, into first-and second-class croplands. Cultivation area, unit price of the products, and lease value are explanatory variables, according to each crop. Inflation and the overall production value of São Paulo's farming production, excluding the production values of corn, soy and sugarcane, also serve as explanatory variables. Results:The results show that in São Paulo, although part of the land price variation can be explained by the variables associated with their productive use, the impact of inflation indicates that land's function in storing value contributes significantly to land prices. Conclusions:The most prominent conclusion is that expansion in sugarcane cultivation has led to higher farmland prices in the state of São Paulo.

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“…The equitable reallocation of ownership by the THA was the main goal of this transformation during (re-)unification. The THA was responsible for managing and privatizing publicly owned agricultural and forest assets on behalf of the Federal Treasury (Hüttel et al 2016;Ortmann 1998;Wolz 2013). Nearly 25% of the arable land in GDR was acquired, equivalent to approximately 1.5 million hectares (Dells 2008;Huettel et al 2013;Koester and Brooks 1997).…”

Section: Legitimation Structurementioning

confidence: 99%

Land Governance Re-Arrangements: The One-Country One-System (OCOS) Versus One-Country Two-System (OCTS) Approach

Lee

Vries

Chigbu

2019

Administrative Sciences

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This paper evaluates how land governance is re-arranged in a state re-structuring process. We compare the cases of the (re-)unification of China with Hong Kong with that of West and East Germany. The division and (re-)unification of these states mark different land governance re-arrangements. The China-Hong Kong (re-)unification relied on a one-country two-system (OCTS) approach, while in West and East Germany, (re-)unification resulted in the creation of a one-country one-system (OCOS). Our key interest is to identify similarities and differences in both cases and the implications of the differences. To support the analysis, we view land governance and (re-)unification from theoretical to practical lenses-structuration theory and the government tools-based approach. This supports the construction of a conceptual and analytical framework, with which we conduct an in-depth exploration to evaluate land governance re-arrangements. We find that the conceptual and analytical framework proves effective for countries, with entirely different land governance regimes, to decide whether to merge or adapt. We do not conclude which approaches for (re-)unification are appropriate to land governance re-arrangements since all countries have different historical contexts and institutional arrangements. Instead, we recommend that governments consider adaptive land governance in signification structures and focus on hierarchical enforcement in legitimation structures. While multi-level land governance in the domination structure phase is strongly required, issue-and-project-based land governance has a pivotal role in providing cross-boundary infrastructures. Nevertheless, further empirical analysis is recommended to verify how and where the re-arrangement processes are initiated and structured.The North and South Korean (re-)unification quagmire is not new in the world. There are many divided countries in need of reunification and there are others that were once divided but finally became reunified. Countries like Cyprus (Turkish and Greek Cypriots), Sudan (Sudan and South Sudan), and Yemen (South and North Yemen) are some countries in need of reunification. China, Vietnam and Germany are examples of countries that were once divided and then became reunified.Adm. Sci. 2019, 9, 21 2 of 26 systems differed vis-à-vis the ideological role of the state, this raised challenges during and after the (re-)unification process.Land governance has been critical to this transforming institutional form and function (Augustinus 2009;Borras and Franco 2010;Deininger and Feder 2009;Enemark 2012). According to Palmer et al. (2009), land governance ruminates more intensely on the matter of the rules, processes and structures about land and its use and concern about who made decisions and how implemented and enforced. As the product of open-ended interactions within structures and agency, land governance can differ significantly depending on the state structures (e.g., unitary state; federal state) and the (re-)unification mechanisms (e.g., civilizat...

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How do institutional market players matter in farmland pricing?

Cited by 39 publications

References 24 publications

The Influence of Wind Energy and Biogas on Farmland Prices

The Influence of Wind Energy and Biogas on Farmland Prices

Sugarcane expansion and farmland prices in São Paulo State, Brazil

Land Governance Re-Arrangements: The One-Country One-System (OCOS) Versus One-Country Two-System (OCTS) Approach

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