Details

Autor(en) / Beteiligte

• Organisation for Economic Co-operation and Development

Titel

Agricultural Support, Farm Land Values and Sectoral Adjustment : The Implications for Policy Reform [electronic resource]

Link zum Volltext

• OECD iLibrary

Beschreibungen/Notizen

• "Also available in French under the title: Soutien à l'agriculture, valeur des actifs fonciers et ajustement sectoriel."
• Includes bibliographical references.
• Policy Implications and Conclusions -- A Framework to Analyse Policies that Affect Asset Capitalisation and Mobility -- Annexes -- Introduction -- Theoretical Foundations for Asset Capitalisation -- Land prices, Empirical Evidence and Literature Review.
• Governments intervene in the agricultural sector through policies that both support and shape agricultural production. This leads to two important outcomes. First, agriculture specific programmes intended to increase the welfare of farmers can become capitalised into asset values. Second, many policies, in particular regulatory ones, reduce asset mobility, resulting in reduced economic efficiency due a sub-optimal allocation of resources. This study focuses on the capitalisation of government support into land rents and prices. It assesses the consequences of inflated asset values, and suggests lessons for future policy making.
• English