2020
DOI: 10.1093/erae/jbaa028
|View full text |Cite
|
Sign up to set email alerts
|

Regional differences in the capitalisation of first and second pillar payments of the CAP into land rental prices

Abstract: Nearly 80 per cent of Common Agricultural Policy (CAP) expenditures are spent on three different measures: first pillar payments (FPPs), agri-environmental payments (AEPs) and less favoured area payments (LFAPs). Based on a dynamic panel model and farm accounting data for Bavaria, we find that, on average, 30 per cent of FPPs, 40–50 per cent of LFAPs, but no relevant share of AEPs are capitalised into land rental prices. The capitalisation ratio varies considerably across regions. Above average capitalisation … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
11
0

Year Published

2021
2021
2024
2024

Publication Types

Select...
6
1

Relationship

0
7

Authors

Journals

citations
Cited by 12 publications
(11 citation statements)
references
References 44 publications
0
11
0
Order By: Relevance
“…Strong fluctuations in the level of capitalization were also shown on the individual farm level by Feichtinger and Salhofer [38]. In a recent study, the same authors further illustrate that considerable differences in capitalization exist between different CAP measures and regions depending on yield level, grassland share, and farm size [39]. Additionally, in a different study, Guastella et al [40] demonstrate a low capitalization of decoupled payments in Italy.…”
Section: (€022) Andmentioning
confidence: 68%
“…Strong fluctuations in the level of capitalization were also shown on the individual farm level by Feichtinger and Salhofer [38]. In a recent study, the same authors further illustrate that considerable differences in capitalization exist between different CAP measures and regions depending on yield level, grassland share, and farm size [39]. Additionally, in a different study, Guastella et al [40] demonstrate a low capitalization of decoupled payments in Italy.…”
Section: (€022) Andmentioning
confidence: 68%
“…The main findings in the literature related to the heterogeneous impact of support policies are the impact of payments on land values or capitalization ratios. As shown in Salhofer and Feichtinger (2021) and Ciaian et al (2018), the capitalization rates of support payments into the land values significantly vary between different regions. Therefore, the heterogeneity of the impact of support policies was discussed in terms of their potential to intensify the problem of income inequality and the economic unsustainability of farms (Ciaian et al, 2018;Salhofer & Feichtinger, 2021).…”
Section: Regional Heterogeneitymentioning
confidence: 99%
“…As shown in Salhofer and Feichtinger (2021) and Ciaian et al (2018), the capitalization rates of support payments into the land values significantly vary between different regions. Therefore, the heterogeneity of the impact of support policies was discussed in terms of their potential to intensify the problem of income inequality and the economic unsustainability of farms (Ciaian et al, 2018;Salhofer & Feichtinger, 2021). However, as shown in Ciliberti and Frascarelli (2018), not all support tools have the same effect on income inequality.…”
Section: Regional Heterogeneitymentioning
confidence: 99%
“…Illegal logging is the harvesting of timber without a special permit for the use of forest resources (logging ticket). According to the State Agency of Forest Resources [34], the cyclical nature of cases of illegal logging is inextricably linked with the rise or fall of levels of economic activity in Ukraine (Fig. 3).…”
Section: West 40%mentioning
confidence: 99%
“…B. Bui and C. Villier [3] explores accounting technologies can be used to help stimulus packages achieve the twin goals of economic stimulus and climate mitigation. K. Salhofer and P. Feichtinger [34] notes that nearly 80 percent of Common Agricultural Policy expenditures are spent on three different measures: first pillar payments, agri-environmental payments and less favoured area payments. N. Mohring, M. Bozzola, S. Hirsch and R. Finger [24] notes that the reduction of adverse health and environmental effects from pesticide use is currently a top priority on the agricultural policy agenda.…”
Section: Introductionmentioning
confidence: 99%