Factors affecting the price of agricultural land in Slovakia

Dirgasová, Katarína; Bandlerovà, Anna; Lazíková, Jarmila

doi:10.5513/jcea01/18.2.1901

Cited by 10 publications

(10 citation statements)

References 17 publications

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“…This result is in line with the results from [54][55][56][57]. A great distance to the nearest market tends to have a negative effect on land value [58][59][60][61]. Similarly, the distance to irrigation and the road has a negative impact on land value [62][63][64].…”

Section: Factors Affecting Land Economic Valuesupporting

confidence: 81%

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

Rondhi

Pratiwi

Handini

et al. 2018

Land

132

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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 the LEV for agricultural and non-agricultural (housing) uses in two areas of East Java, Indonesia. The first area represents peri-urban agriculture, which is facing rapid urbanization and experiencing a 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 results of this study show that agricultural land yielded a higher economic benefit in rural areas. Conversely, compared to agricultural land, housing in urban areas yields a value that is seven times higher. Moreover, agricultural land was shown to yield a higher profit after conversion. Ironically, a similar comparison does not exist in rural areas. Agricultural land yielded a value that was only 19% higher, indicating that agricultural land can easily be converted. This is also proven by the growing number of new urban cores in the periphery area. There are several factors affecting land economic value, such as agricultural use, soil fertility, accessibility, and cropping pattern, which are important variables. Meanwhile, the accessibility and location of peri-urban areas increase the land value for housing.

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Section: Factors Affecting Land Economic Valuesupporting

confidence: 81%

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

Rondhi

Pratiwi

Handini

et al. 2018

Land

132

View full text Add to dashboard Cite

show abstract

“…This result is in line with the results from [27][28][29][30]. Distance to market tend to put a negative effect on land value [31][32][33][34]. Similarly, distance to irrigation and to road has a negative impact on land value [35][36][37].…”

Section: Factors Affecting Land Economic Valuesupporting

confidence: 82%

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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“…The afore-mentioned system must be sufficiently robust to be able to cover a very wide scale of valuation system components, and at the same time to enable the identification and specification of different parameters in the valuation system in the Slovak and Czech Republic. For example, Dirgasová et al (2017) strove for conception within the scope of the market price setting mechanism under the conditions in the Slovak Republic, but for the official land price system and when taking into consideration the afore-mentioned requirements, a different econometric approach was chosen in the form of a hedonic price model, which specifically involved the application of the heteroscedastic corrected linear regression model, whose basic specification for the Slovak Republic corresponds to the following relationship No. 1: Džatko and Sobotská (2009) SLO .....is a vector of dummies for the land slope, EXP .....is a vector of dummies for the exposure, SKE......represents a vector of dummies for the skeletality, SD ........is a vector of dummies for the soil depth and TEX .....is a vector of dummy variables representing the soil texture.…”

Section: Methodsmentioning

confidence: 99%

Agriculture Land Price Setting Systems, and Possible Directions for Their Updating

Slaboch¹,

Malý²

2022

Acta Univ. Agric. Silvic. Mendelianae Brun.

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The aim of this article is to assess the effect of the applied land valuation system on the price of land, and as a consequence of the implied links to compare the valuation of soil units in Slovakia and the Czech Republic. In order to fulfil this objective, an econometric approach was chosen in the form of a hedonic price model, whereby the heteroscedastic corrected linear regression model was specifically applied. The estimated model shows a very high explanatory ability, together with a high parametric significance for most fictitious variables (land characteristics), and at the same time also fulfils the theoretical and logical consistency of general assumptions. From the results, it is evident that, in the case of Slovakia, ESEU [evaluated soil ecological unit] valuation is affected primarily by the climatic region and the main soil unit. When comparing the results of the effect of individual input factors on the price of land in the Czech Republic and Slovakia, it can be stated that the results are slightly different in the effect of certain factors. The characteristics of soils located in warm climatic regions with a valuable soil type of chernozem and low slope are significant and positively intensive factors.

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Factors affecting the price of agricultural land in Slovakia

Cited by 10 publications

References 17 publications

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

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

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

Agriculture Land Price Setting Systems, and Possible Directions for Their Updating

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