Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/235191
Authors: 
Feichtinger, Paul
Salhofer, Klaus
Year of Publication: 
2016
Series/Report no.: 
Diskussionspapier No. DP-65-2016
Abstract: 
This paper contributes to the discussion on the extent of the capitalization of decoupled direct payments into land rental prices. Based on a dynamic panel model and an extensive dataset for Bavaria for 2005 to 2011, we show that a significant number of Single Farm Payments (SFPs) of the European Union (EU) Common Agricultural Policy (CAP) are captured by landowners rather than by active farmers. However, the degree of capitalization varies considerably among regions, from almost 0 to 56 cents per each additional Euro paid.
Subjects: 
capitalization
decoupled subsidies
Common Agricultural Policy
land rental prices
JEL: 
H22
Q15
Q18
Document Type: 
Working Paper

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