The Influence of Agricultural Support on Sale Prices of French Farmland: A Comparison of Different Subsidies, Accounting for the Role of Environmenta…

2013

In this paper, using data from individual transactions for the period 1994-2010 in the French NUTS2 region Brittany, we investigated how environmental regulations and transaction land regulations influence the price of sold plots. Regressions on three sub-samples of buyers were performed in order to assess whether different buyers have different attitude or plans regarding the farmland purchased: a sub-sample including only farmer buyers, a sub-sample including non-farmer individual buyers, and a sub-sample including non-farmer nonindividual buyers. Estimations were performed ignoring and accounting for spatial interactions (model SARAR). Results indicate that the price of land decreases wh…