The Capitalization of Area Payments into Farmland Rents: Micro Evidence from the New EU Member States
The Capitalization of Area Payments into Farmland Rents: Micro Evidence from the New EU Member States
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DOI：
10.1111/j.1744-7976.2012.01256.x
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发表时间：
2012-12
影响因子：
9
通讯作者：
P. Ciaian;d'Artis Kancs
中科院分区：
文献类型：
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作者：
P. Ciaian;d'Artis Kancs
本研究调查了SAPS（简化面积支付计划）对七个欧盟新成员国（NMS）土地租赁价值的影响。使用2004年和2005年的FADN农场水平面板数据（20，930个观测值），我们能够控制未观察到的异质性、重复性和遗漏的变量偏倚，这些偏倚通常会扭曲发病率测量。根据我们的研究结果，SAPS有一个积极的和统计上显着的影响，在NMS的土地租金。然而，这种影响比理论预测的要小。土地租金仅占SAPS边际欧元的0.19。考虑到NMS中的土地租赁水平，SAPS付款总额的约10%通过提高农田租赁价格使非农业土地所有者受益。由于公司租用土地的比例高于个人农场，家庭农场可能比公司农场从SAPS中受益更多。
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 omitted variable bias, which often distort the incidence measures. According to our results, the SAPS has a positive and statistically significant impact on land rents in the NMS. However, the effect is smaller than theoretically predicted. Land rents capture only 0.19 of the marginal Euro of the SAPS. Taking into account the level of land renting in the NMS, around 10 percent of the total value of SAPS payments benefit non-farming land owners through higher farmland rental prices. Because the share of rented land is higher for corporate than for individual farms, family farms will likely benefit more from the SAPS than corporate farms.