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Agricultural support, farm land values and sectoral adjustment : the implications for policy reform.

Author: Organisation for Economic Co-operation and Development.
Publisher: Paris : OECD, 2008.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
Governments intervene in the agricultural sector through policies that both support and shape agricultural production. This leads to two important outcomes. First, agriculture specific programmes intended to increase the welfare of farmers can become capitalised into asset values. Second, many policies, in particular regulatory ones, reduce asset mobility, resulting in reduced economic efficiency due a sub-optimal  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Organisation for Economic Co-operation and Development.
ISBN: 9264031723 9789264031722
OCLC Number: 646760416
Description: 1 online resource (117 pages) : illustrations
Contents: Introduction --
Theoretical Foundations for Asset Capitalisation --
Land prices, Empirical Evidence and Literature Review --
A Framework to Analyse Policies that Affect Asset Capitalisation and Mobility --
Policy Implications and Conclusions --
Annexes.

Abstract:

Governments intervene in the agricultural sector through policies that both support and shape agricultural production. This leads to two important outcomes. First, agriculture specific programmes intended to increase the welfare of farmers can become capitalised into asset values. Second, many policies, in particular regulatory ones, reduce asset mobility, resulting in reduced economic efficiency due a sub-optimal allocation of resources. This study focuses on the capitalisation of government support into land rents and prices. It assesses the consequences of inflated asset values, and suggests lessons for future policy making.

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