a positive but relatively small capitalisation effect of the total subsidies per hectare. The magnitude of … capitalisation depends on the region, the type of subsidy, and the location of the plot in a nitrate surplus zone or not. Only land … capitalisation impact only for plots located in a nitrate surplus zone. …

a positive but relatively small capitalisation effect of the total subsidies per hectare. We found evidence that … agricultural subsidies capitalised at least to some extent. However, the magnitude of such a capitalisation depends on the region …-aside premiums significantly capitalise into land price, while single farm payments have a significant positive capitalisation impact …