Based on a graphical model we analyse the impacts of the Fischler Reform on land pricesand the capitalization of single farm payments (sfp) into land values. The model shows that ifthere are more sfp than eligible land, the capitalization ratio will not decline but rather increasedue to the inclusion of animal premiums in the sfp. We can confirm our theoretical results forcross-section data on land rental prices in Bavaria in 2005.

To provide for measures with State assistance to facilitate long-term security of land tenure; to regulate the conditions of residence on certain land; to regulate the conditions on and circumstances under which the right of persons to reside on land may be terminated; and to regulate the conditions and circumstances under which
persons, whose right of residence has been terminated, may be evicted from land; and to provide for matters connected therewith…”

Land. Neglected, obfuscated but never quite completely forgotten, the story of Land’s marginalization from mainstream economic theory is little known. But it has important implications. Putting it back in to economics, we argue in a new book, ‘Rethinking the Economics of Land and Housing’, could help us better understand many of today’s most pressing social and economic problems, including excessive property prices, rising wealth inequality and stagnant productivity. Land was initially a key part of classical economic theory, so why did it get pushed aside?

El objetivo del artículo es analizar los motivos del alto monto del arrendamiento de la tierra en La Plata (Buenos Aires, Argentina), en relación con otras regiones hortícolas, a la vez de identificar las variables que hacen que dicho arrendamiento muestre importantes variaciones incluso en el interior de la capital bonaerense.

The paper utilizes household panel data to investigate whether the land rental market can facilitate improved access to land for land-poor tenant households over time and thereby facilitate expansion of their farming activity. The paper utilizes data 8-17 years after land certification to assess the long-term effect of land certification on the allocative efficiency in the land rental market in areas where land certification stimulated land renting in the early years after certification.

Land rental markets can potentially improve the access to land for land-poor households that possess complementary resources that can enable them to utilize land efficiently. Land rental markets can also enable landowners who are poor in non-land resources to rent out their land such that their land is utilized more efficiently and they themselves can get a better income and improved welfare from their land resource. This report assesses the land rental market that is dominated by a reverse tenancy system with relatively poorer landlords and less poor tenants.

Previous studies of land contracts have focused more on efficiency questions than on determinants of access to land and dynamics of access. By looking closely at the question of access to land, the authors conclude:land rental contracts more friendly to the poor than land sales markets to access land.

This paper looks at the role of market imperfections in explaining leasing behaviour of households using sample data from the Highlands of Eritrea. It looks at the tenancy or land rental market, the position of households in that market (as landlords, tenants or non-participants) and assesses the transaction costs related to the adjustment process in the tenancy market.The paper tests for fixed and variable transaction costs related to adjustment in the land rental market. A two-stage approach for participation in the market as landlords or tenants is used for this.

With land being the main source of income for many people in the developing world, security of access or ownership rights is imperative to the alleviation of rural povety. Past polices of land redistribution, prohibition of land renting and later legalisation of short-term contracts only, may have prevented or undermined tenancy markets in Ethiopia. This paper examines the allocative efficiency of the land rental market in Northern Ethiopia, and the extent to which adjustment in the tenancy market is constrained by transaction costs.

Households in developing countries take various actions to smooth income or consumption as a means of managing or responding to risk. This paper examines migration and land rental market participation as responses to risk in rural China.
The authors show that over the last 30 years, there have been significant reforms in China, which have increased labour mobility and the functioning of rural land markets. The authors emphasise that while limitations still remain, the reforms have to date increased the efficiency of the allocation of these important factors of production.

Using data from 3,120 farm households surveyed in 2000 and 2006, the paper tests for factors that affect the degree and extent of households’ participation in the rural land rental market. The survey period coincided with the full implementation of the Comprehensive Agrarian Reform Program (CARP) which imposes restriction on the conveyance and transfer (including rental) of all lands awarded under the program.