Kilian, Stefan; Anton, Jesus; Roder, Norbert; Salhofer, … - European Association of Agricultural Economists - EAAE - 2008
Based on a graphical model we analyse the impacts of the Fischler Reform on land prices and the capitalization of single farm payments (sfp) into land values. The model shows that if there are more sfp than eligible land, the capitalization ratio will not decline but rather increase due to the...