Increase in prices of farmland in the Czech Republic

Severová, Lucie; Svoboda, Roman; Kopecká, Lenka

doi:10.1108/pm-07-2016-0036

Cited by 7 publications

(6 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In the past, farmers were not willing to offer real market prices to owners. But the situation has changed considerably in recent years, and many prosperous farmers are now willing to pay the adequate price for the land (Severova et al 2017). In addition, the price of land is also affected by the demand for long-term and speculative (short-term) non-agricultural investors.…”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

Investments of Czech farms located in less favoured areas after EU accession

Zdeněk¹,

Lososová²

2020

AGR ECON-CZECH

View full text Add to dashboard Cite

This paper investigates the development and structure of the fixed assets of Czech farms and their investment behaviour. We use data from a long-term (2003–2016) survey of farms and categorise farms into three groups according to their share of agricultural land in less favoured areas. The development of tangible fixed assets and their structural development points to the importance of investments to agricultural holdings. Above all, there is an extensive trend of investing in the land, but purchases of land are likely to affect the growth of the relative age of tangible fixed assets, especially the obsolescence of buildings that are not sufficiently modernised by farms. Results of the accelerated model indicate that there is an absence of soft budget constraints but a presence of capital imperfections and high importance of both operating and investment subsidies when deciding on investments in fixed assets.

show abstract

Section: Resultsmentioning

confidence: 99%

“…The development of agricultural land prices is modelled with the exponential trend also by Severova et al (2017). They showed that the average market price has increased from EUR 2 066 per ha in 2004 to EUR 5 956 per ha in 2015.…”

Section: Resultsmentioning

confidence: 99%

Investments of Czech farms located in less favoured areas after EU accession

Zdeněk¹,

Lososová²

2020

AGR ECON-CZECH

View full text Add to dashboard Cite

show abstract

“…The findings made by Severová et al [63] show that the situation for agriculture in the Czech Republic has improved mainly due to the increase in subsidies; higher interest has been shown by non-agricultural entities, and banks are changing their attitude to granting loans for purchases of farmland.…”

Section: Market Price Of Land and Its Perspectivesmentioning

confidence: 99%

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

Mach,

Dauhiniova,

Kopecká

et al. 2023

Agronomy

View full text Add to dashboard Cite

The goal of this article is to predict the further development of the market price of farmland in Czechia. As part of this goal, the environmental and socio-economic factors affecting the quantity and quality of farmland and, subsequently, the amount of its market price will be discussed. In addition to the quality of the farmland, the market price of individual plots of land is influenced by a number of other factors, such as the size and shape of the plot, location, erosion risk, the concluded usufructuary lease agreements, competition from buyers in the vicinity, and other factors. The average market price of farmland in Czechia was 29.4 CZK/m2 in 2021, which represents an increase of 16.1% against the amount of 25.3 CZK/m2 in 2020. According to the results of the statistical analysis, it is possible to assume a constant increase in the prices of farmland precisely because of the ever-decreasing area of land intended for agricultural production. Another factor for the increase in prices can be increased inflation. In 2027, market prices for farmland could reach up to 40 CZK per m2. Nevertheless, Czechia is among the countries with the lowest market price of farmland; the price is even lower than in neighboring Poland or Spain. This also contributes to the fact that the market prices of farmland in Czechia are increasing at a relatively fast pace every year.

show abstract

“…The reason is the effort to avoid the consequences of crop failures and grape price fluctuations. However, an important factor to be considered is the price of the farmland on which new vineyards are to be established, because "the value of farmland in the Czech Republic, together with its price, has increased significantly" (Severová et al, 2017).…”

Section: Wine Market In the Czech Republicmentioning

confidence: 99%

Competition in the sparkling wine market in the Czech Republic

Kostovčík

Šrédl

Hommerová

2019

IJWBR

View full text Add to dashboard Cite

Purpose Vine growing for the production of wine constitutes one of the major areas of agriculture of the Czech Republic, and in recent years, it has been qualitatively improved. The purpose of this paper is to find out whether oligopolistic market structures have come into being on the sparkling wine market in the Czech Republic, and whether some wine firms have a dominant position on the sparkling wine market. Design/methodology/approach The purpose of this study is to find, compare and carry out a statistical analysis of data on the production and sale of sparkling wines in the Czech Republic, in particular the indicators of the sales and profits of the dominant producer, Bohemia Sekt. In retail chains in the Czech Republic, the price of domestic and foreign sparkling wines was then compared with a comparative analysis. Findings The dominant seller of sparkling wine on the Czech market is Bohemia Sekt, which is also the largest domestic non-sparkling and sparkling wine producer. Bohemia Sekt sold 11 m bottles of sparkling wine on the Czech market in 2015 and maintained a 67 per cent share of the domestic market. Traditionally, Christmas time and the end of the year is the main season for selling sparkling wines in the Czech Republic, as more than one-third of the annual production of all wineries is sold at this time. Originality/value The paper presents a finding about the consistency of the prices of sparkling wines offered in retail chains in the Czech Republic. This confirms the validity of using the model of oligopolistic competition with a dominant company on the sparkling wine market in the Czech Republic. The dominance of Bohemia Sekt in the given market is mainly due to the loyalty of Czech consumers to this brand.

show abstract

Increase in prices of farmland in the Czech Republic

Cited by 7 publications

References 1 publication

Investments of Czech farms located in less favoured areas after EU accession

Investments of Czech farms located in less favoured areas after EU accession

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

Competition in the sparkling wine market in the Czech Republic

Contact Info

Product

Resources

About