Russia has experienced dramatic changes in land ownership and tenure since 1991: agricultural land has been largely privatized, individual landowners now have legal rights to most agricultural land in the country, and prohibitions on buying and selling of land have been recently removed. The...

In general, land in Russia is in private ownership of millions of private owners. Nevertheless, agricultural land market is not developed, the costs associated with transactions in land are extremely high and the demand for land exists only in some regions. The market is distorted because in...

Much of the land economics literature has largely ignored the spatial nature of competition and related differences between farmland rental and sales markets. In this note we propose a model for price formation in both markets under a spatial competition framework. We demonstrate that price...

Limiting subdivision of conserved farmland is often a critical component of an agricultural conservation easement project’s design. These restrictions are critical for ensuring that a protected farm remains of sufficient size and scale to continue to be viable for agricultural use. This form...