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http://hdl.handle.net/10419/37469
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| Title: | | The Incidence of EU Per-Hectare Payments on Farmland Rental Rates: A Spatial Econometric Analysis for German Farm-Level Data  |
| Authors: | | Breustedt, Gunnar Habermann, Hendrik |
| Issue Date: | | 2010 |
| Series/Report no.: | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Panel Data Models C15-V3 |
| Abstract: | | This article analyses determinants for 2001 farmland rental prices from 3,819 farms in Germany. Based on specification tests we estimate a general spatial model to account for both spatial relationships among rental prices of neighbouring farmers and spatially autocorrelated error terms. Depending on the choice of instrumental variables, a €1 per hectare higher rental price in a farmer's neighbourhood coincides with a €0.64 to €0.74 higher rental price the farmer pays. The marginal incidence of EU per-hectare payments paid for eligible arable crop acreage amounts to €0.48 to €0.95 for each additional € of premium payments. Regional livestock density, which is indirectly influenced by different policies, is also a major determinant for rental prices. Consequently, German farmland rental rates are heavily influenced by agricultural policy instruments and therefore, these policies exhibit substantial distributional effects. |
| Subjects: | | farmland rental price per-hectare payment spatial econometrics subsidy incidence |
| JEL: | | Q15 Q18 H22 |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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