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decoupled payments as well as its budget. We assess the possible effects of the 2013 CAP reform on the capitalization of … decoupled payments in land rental values. Our estimates suggest that the CAP reform leads to an increase in the capitalization …) and New MS (NMS). In NMS the capitalization rate slightly reduces from 76% in the pre-reform period to 72% in the post-reform …
Persistent link: https://www.econbiz.de/10011784362
reform changed both the implementation of the SPS and its budget. We assess the possible effects of the 2013 CAP reform on EU … land markets; in particular the capitalization of the SPS in land rental values. Our analyses suggest that the … implementation details of the 2013 CAP reform will largely determine the impact of the SPS on land markets. The key ones are the …
Persistent link: https://www.econbiz.de/10011527216
Persistent link: https://www.econbiz.de/10012612446
We review the recent theoretical and empirical literature on the capitalization of agricultural subsidies into land …-based subsidies exhibit higher capitalization than coupled payments and non-land-based subsidies, respectively. However, estimated … capitalization rates vary widely across studies largely because of data availability and identification challenges. …
Persistent link: https://www.econbiz.de/10012437715
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...
Persistent link: https://www.econbiz.de/10011524822
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...
Persistent link: https://www.econbiz.de/10011523474
Persistent link: https://www.econbiz.de/10008991131
This study investigates the impact of the SAPS (Simplified Area Payment Scheme) on rental land values in seven New EU Member States (NMS). Using the FADN farm level panel data with 20,930 observations from 2004 and 2005 we are able to control for unobserved heterogeneity, simultaneity, and...
Persistent link: https://www.econbiz.de/10011523656
), as part of the reform of its common agricultural policy. This book investigates whether the SPS has led to the …
Persistent link: https://www.econbiz.de/10014195322