Effect of water features proximity on farmland prices in a landlocked country: the consequences for planning

Abstract

Sekáč P., Šálek M., Wranová A., Kumble P., Sklenička P. (2017): Effect of water features proximity on farmland prices in a landlocked country: the consequences for planning. Soil & Water Res., 12: 18−28.Conversion of farmland to non-farm uses significantly influences the spatial variability of farmland prices. We tested 12 factors of land prices that experienced real estate brokers indicated to be the most important determinants for the conversion of farmland to non-agricultural use. Five factors can be described as landscape, four as geographic, and three as climatic explanatory variables influencing farmland prices. Our results indicate that the two most powerful factors in explaining the sales price per square metre were proximity to a river and proximity to a lake. In both cases, the price of land diminished significantly with the increasing distance from the edge of water bodies, so the prices in their immediate vicinity are 3.5 to 3.7 times higher than the prices of similar lands more than 5 km from the edge of a water body. The other significant factors were population size of the nearest municipality and percentage representation of forest. The fact that the two most powerful factors indicate the distance to a river, brook, lake or pond shows how important are these freshwater features as determinants of farmland prices in a landlocked country such as the Czech Republic, where this study was performed. The consequences of this finding for water resources planning and management are discussed.

Does Land Expropriation Experience Increase Farmers’ Farmland Value Expectations? Empirical Evidence from the People’s Republic of China

“…Regarding the influencing factors of farmland prices, existing research mainly analyzes the influencing factors of the actual transaction prices of farmland from the perspectives of physical geography, the social economy, and macroeconomic policies [46]. From the perspective of physical geographical conditions, farmlands with good water sources have high land quality [28,29,47], and farmlands close to markets have better environments [42] and higher farmland prices. Land prices have limited positive effects.…”

“…Existing research on the impact of land expropriation focuses on four aspects: social management [5][6][7][8], economic development [15], farmers' rights and interests [21][22][23][24], and natural ecology [25][26][27]. Analyses of the influencing factors of prices focus on geographical resource endowments [28][29][30], the output value, subsidy policies, infrastructure [31], energy [32,33], interest rates, macroeconomic policies [34], and other factors. In addition, some studies have analyzed the impact of land expropriation on the psychological behaviors of farmers, but they have focused on analyzing conflict willingness and nonagricultural transfer willingness [22,23,35,36].…”

Exploring farmland price determinants in Northern Italy using a spatial regression analysis

“…All these aspects show an evident spatial variability also in areas where different segments of market can coexist. Therefore, when analyzing the factors influencing land prices, it becomes particularly important to also consider the price spatial variability (Sekáč, et al, 2017;Sklenicka et al, 2013).…”

Market Price and Supply of Farmland as a Means of Supporting the Wider Development of Sustainable Agricultural Production in Czechia (a Case Study)

“…"Conversion of farmland to non-farm uses significantly influences the spatial variability of farmland prices" [23]. As stated by Jadevicius, "land prices influence housing affordability, food security and the carbon infrastructure" [24].…”