Economic theory and empirical findings suggest that the way in which agricultural support is provided has an influence on land markets. Support payments tend to become capitalised into land values to some degree, affecting both the sales and rental prices of land. These effects in turn have a...

This Factor Markets Working Paper analyses the impact of increasing direct payments on land rents in six new EU member states in which agricultural subsidies largely increased as a result of their EU accession. The authors find that up to 25 eurocents per additional euro of direct payments is...

Über Jahrzehnte hinweg wurde ein beträchtlicher Teil des EU Budgets verwendet um die europäischen Landwirte zu unterstützen. In dieser Arbeit analysieren wir den Einfluss verschiedener Instrumente der Gemeinsamen Agrarpolitik (GAP) auf die landwirtschaftlichen Bodenkauf - und...