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...

This paper estimates the capitalization of the Single Payment Scheme (SPS) into land values. The theory suggests that the relationship between the SPS and land rents is non-linear and discontinuous, because the SPS impact on land values depends on many factors, such as policy implementation...

Die vorliegende Arbeit untersucht die Allokations-, Einkommens- und Verteilungseffekte unterschiedlicher Ausgestaltungsoptionen gekoppelter und entkoppelter Direktzahlungssysteme. Besonderes Augenmerk wird auf die Auswirkungen auf den für die Landwirtschaft bedeutenden Faktormärkten für Boden...

After an extended process of reform the European Union has introduced direct payments to farmers which are decoupled from production decisions as a central element of its Common Agricultural Policy. They are also referred to as Single Farm Payments. In this paper we analyze the production and...