Farmers awarded with lands under a collective CLOA (CCLOA) have been experiencing problems arising from the collective arrangement (e.g. boundary issues, disputes with other collective members). These issues discourage many farmers from making long-term investment decisions on their land,...

It is widely believed that land markets, including both land sales and tenancy markets, are neither efficient nor conducive to social equity. It is often argued that tenants, particularly share tenants, do not have proper incentives to work and invest, partly because of the disincentive effects...