The demand for agricultural land is globally increasing due to population growth and dietary diversification. As the availability of agricultural land is limited, much of the cropland expansion is occurring at the expense of tropical forests. During the past few decades, oil palm has become one...

Economic theory, as well as empirical findings, suggest that the way in which agricultural support is provided has an influence on land markets, because payments capitalise to some degree into land values, affecting both the sale and rental price of land. The present paper analyses how the...