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Autoren: 
Feichtinger, Paul
Salhofer, Klaus
Datum: 
2016
Schriftenreihe/Nr.: 
Diskussionspapier No. DP-65-2016
Zusammenfassung: 
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.
Schlagwörter: 
capitalization
decoupled subsidies
Common Agricultural Policy
land rental prices
JEL: 
H22
Q15
Q18
Dokumentart: 
Working Paper

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