Increase in the Value of Agricultural Parcels—Modelling and Simulation of the Effects of Land Consolidation Project

Dacko, Mariusz; Wojewodzic, Tomasz; Pijanowski, Jacek M.; Taszakowski, Jarosław; Dacko, Aneta; Janus, Jarosław

doi:10.3390/agriculture11050388

Cited by 9 publications

(4 citation statements)

References 27 publications

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“…Most of the studies on the agricultural land market are not aimed at increasing the efficiency of the agricultural land market. Studies in published literature are mostly designed to determine the factors affecting the price of agricultural land (Dacko et al 2021). It is known that the agricultural land market does not meet the requirements of a perfectly competitive market because of the diversity of agricultural land.…”

Section: Resultsmentioning

confidence: 99%

Estimating the effect of a land parcel index using hedonic price analysis

Aksu¹,

Karaman²

2022

Agric. Econ. - Czech

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The purpose of this study was to statistically test the effect of a parcel index – consisting of a combination of a soil index, a fertility index and a location index – intended to be used as a price-determining indicator for the sale of agricultural land at farmland markets. In the hedonic price model, the coefficients of the variables representing parcel index, population, gross return and parcel irrigation investment status were positive and statistically significant at a significance level of 0.01. There was a negative relationship between parcel size and sale price, which implied that the selling price per decare tends to decrease as the parcel size increases. In the study area, the prices of farmland with large parcel sizes and irrigation efficiency investments were higher. The population density in the region and gross income from farmlands were the major factors that generated demand for the land. The hedonic price model establishes an important link between the parcel index and the sale price of farmland. Based on this link, parcel index-based pricing can contribute significantly to the creation of a farmland market in Turkey.

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Section: Resultsmentioning

confidence: 99%

Estimating the effect of a land parcel index using hedonic price analysis

Aksu¹,

Karaman²

2022

Agric. Econ. - Czech

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“…The demonstrated correlation between the land consolidation work demand index and transaction prices of agricultural properties does not represent a strong linear relationship. However, this may indicate the validity of optimising the spatial structure of land to increase its value [59]. In the authors' opinion, the observed relationship may be implemented as one of the factors used for predicting the economic potential of land consolidation, especially for comparing the costs with the potential land value gains.…”

Section: Discussionmentioning

confidence: 99%

A New Method for Assessing Land Consolidation Urgency, including Market Value

Leń,

Maciąg,

Siejka

et al. 2024

Sustainability

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Public funding for land consolidation projects is an instrument in the Common Agricultural Policy of the European Union (CAP). The execution of systematic land consolidation programmes focused on optimising the spatial structure of agricultural areas presents the possibility of improving agricultural production conditions and maximising the efficiency of agriculture at the local, regional, national, and international levels. However, due to limited access to financial resources, it is necessary to delimit priority areas for land consolidation. A contemporary practice based on an assessment of the social support percentage of potential land consolidation projects in individual villages does not represent a real necessity for action. This problem leads to the ineffective utilisation of financial resources and reduces the efficiency of the implemented programmes. We propose a new algorithm for assessing the real needs for land consolidation based on a detailed multi-faceted analysis of the spatial structure of agricultural areas. The research method involved factors describing the spatial structure defectiveness of farms, as well as those determining land quality in relation to investment profitability. Another factor verifying the potential economic rationale of land consolidation is transaction prices, which mostly reflect the agricultural value of the land. The analysis showed that land consolidation in areas with defective spatial structures and relatively high market value should be a priority. The study enabled the extraction of five of the 58 analysed villages, characterised by above-average demand for land consolidation and above-average land prices. This approach will contribute to profit maximisation by increasing the productivity of areas with the highest agricultural suitability.

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“…The issue of market turnover of agricultural land is also the subject of research by foreign experts. A group of researchers from Poland, including M. Dacko et al (2021), in their studies consider the dependence of the market value of agricultural land on changes in such features of the land plot as its area, shape, and access to public roads.…”

Section: ▶ Discussionmentioning

confidence: 99%

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2023

Ekonomika APK

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Increase in the Value of Agricultural Parcels—Modelling and Simulation of the Effects of Land Consolidation Project

Cited by 9 publications

References 27 publications

Estimating the effect of a land parcel index using hedonic price analysis

Estimating the effect of a land parcel index using hedonic price analysis

A New Method for Assessing Land Consolidation Urgency, including Market Value

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