Determinants of agricultural land values in Argentina

Choumert, Johanna; Phélinas, Pascale

doi:10.1016/j.ecolecon.2014.12.024

Cited by 64 publications

(34 citation statements)

References 49 publications

(90 reference statements)

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“…Variable closely related to cropping pattern is land fertility. Measured based on farmer knowledge, land fertility has positive effect on land value, just as has been shown by previous studies [25,32,36,38,39]. Moreover, agricultural land in rural area tend to be more fertile than those in the urban area.…”

Section: Factors Affecting Land Economic Valuementioning

confidence: 54%

“…Crop rotation found to be positively affect land value, which means that land cultivated with various types of crops in one year (horticulture or plantations, see Figure 4) has higher economic value those cultivating only food crops. The difference in types of crops significantly affects land value, because it is directly related to the output produced as well as the price of output [32,38]. We found more cropping pattern in Kepanjen than in Antirogo.…”

Section: Factors Affecting Land Economic Valuementioning

confidence: 99%

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Agricultural Land Conversion, Land Economic Value, and Sustainable Agriculture: A Case Study from East Java, Indonesia

Rondhi¹,

Pratiwi²,

Handini³

et al. 2018

Preprint

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Agricultural land conversion (ALC) is an incentive–driven process. In this paper we further investigate the inter–relationship between land economic value (LEV) and ALC. To achieve this goal, we calculated LEV for agricultural and non-agricultural (housing) uses in two areas in East Java, Indonesia. The first area represents suburban agriculture, facing rapid urbanization and experiencing high rate of ALC. The second area represents rural agriculture with zero ALC. Furthermore, we identified factors affecting LEV in both areas for both uses. The resut of this study show that agricultural land yielded higher economic benefit in rural area. Conversely, comparing to agricultural land, housing creates 7 times higher value in urban area. Moreover, agricultural land shown to create higher profit after converted. Ironically, the similar comparison doesn’t exists in rural area. Agricultural land only yielded 19% more value, indicate that agricultural land can be easily converted. It is also proven by the growing number of new urban core in the periphery area. There are several factors affecting land economic value, for agricultural use, soil fertility, accessibility, and cropping pattern are important variables. While accessibility and location in urban area increases land value for housing.

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Section: Factors Affecting Land Economic Valuementioning

confidence: 54%

Section: Factors Affecting Land Economic Valuementioning

confidence: 99%

Agricultural Land Conversion, Land Economic Value, and Sustainable Agriculture: A Case Study from East Java, Indonesia

Rondhi¹,

Pratiwi²,

Handini³

et al. 2018

Preprint

View full text Add to dashboard Cite

show abstract

“…values Land quality factors, location, distance to the nearest market and city affect the value of land [10]. Approach to calculating NPW by looking at the level of the geographical zone consisting of groups of several plots of land and having the same price or land value referred to as the Land Value Zone (ZNT) [11].…”

Section: Determination Of the Basis For Imposition Of Land And Buildimentioning

confidence: 99%

Variables Affecting ZNT Implementation in Communities Semarang City

Wardina

Rudiarto

2019

KEG

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The Land and Building Tax Imposition Base (NJOP) is used to determine the basis for Land and Building Taxes. But in reality, NJOP sometimes does not match fair market values. By land valuation experts, a method was formed which approached real land prices, namely the Land Value Zone (ZNT). ZNT in its application and development raises diverse responses. For that, we need to study variables affecting the implementation of ZNT in the community. Therefore, the city of Semarang is considered suitable for case studies on the implementation of ZNT because it is the center of economic activity in Central Java Province. This research is expected to provide benefits regarding the implementation of ZNT as a method to determine the amount of NJOP. The level of acceptance of ZNT implementation in society is measured by 10 variables. The data in this study were obtained using a questionnaire sampling to community. Questionnaire results are then analyzed so as to help further explain statistical results that have been obtained. Facts on the ground show that the people of Semarang City feel the ease and accuracy as well as the fair transparency of market prices for land in ZNT. The analysis results that have been found, there are 3 variables that most influence, namely politics, communication with the parties concerned, and socialization of ZNT. Those improvements are needed on the internal and external factors of the ZNT method and coordination, communication and cooperation between the government and the community.

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“…Typical leases for the land are annual and are, thus, characterized by frequent turnover. These short-term (annual) lease contracts induce maximization of short-term profits and discourage multiannual investments to preserve soil quality [29][30][31].…”

Section: The Argentine Pampasmentioning

confidence: 99%

Using Insights from Prospect Theory to Enhance Sustainable Decision Making by Agribusinesses in Argentina

2018

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Farm production often involves family-owned agribusinesses where decisions are made by households or individuals, not corporate managers. As these decisions have important economic, environmental, and social implications, decision-making processes must be understood to foster sustainable agricultural production. Decision experiments, involving lotteries, targeting farmers in the Argentine Pampas were used to estimate prospect theory (PT) parameters. Results suggest that decisions under risk are better represented by prospect theory than by expected utility (EU) theory: Decision makers treat gains and losses differently and use subjective probabilities of outcomes; they are quite loss averse and are more likely to overweigh probabilities of infrequent events, such as large droughts or floods. Statistical testing revealed heterogeneity in the risk tied to land tenure (land owners vs. renters) and agribusiness roles (farmers vs. technical advisors). Perceptions of risk, probability, and outcomes played a large role in the sustainability of production. Due to a strong desire to avoid losses, decision makers have a greater short term focus: Immediate economic outcomes are more salient, and environmental and social investments are framed as costs rather than long-term gains. This research can help design policies, programs, and tools that assist agribusinesses in managing better contradictions across the triple bottom line to ensure greater sustainability.

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Determinants of agricultural land values in Argentina

Cited by 64 publications

References 49 publications

Agricultural Land Conversion, Land Economic Value, and Sustainable Agriculture: A Case Study from East Java, Indonesia

Agricultural Land Conversion, Land Economic Value, and Sustainable Agriculture: A Case Study from East Java, Indonesia

Variables Affecting ZNT Implementation in Communities Semarang City

Using Insights from Prospect Theory to Enhance Sustainable Decision Making by Agribusinesses in Argentina

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