We review the recent theoretical and empirical literature on the capitalization of agricultural
subsidies into land prices. The theoretical literature predicts that agricultural subsidies are …

The objective of this paper is to provide an overview of existing literature, both theoretically
and empirically, on the extent to which agricultural subsidies do translate into higher land …

The paper investigates the impact of the Common Agricultural Policy (CAP) subsidies on
farm total factor productivity (TFP) in the European Union (EU). We employ a structural semi …

This paper investigates the relationship between EU agricultural subsidies and agricultural
labor productivity growth by estimating a conditional convergence growth model. We use …

This article shows that credit market imperfections have important implications for the
distribution of policy rents. In a model with land as fixed factor and credit market …

Agricultural incentive policies affects not only agricultural production, but also land rental
price. This paper extends the theoretical framework of the effect of agricultural incentive …

Economic theory and empirical findings suggest that the way in which agricultural support is
provided has an influence on land markets. Support payments tend to become capitalised …

This study investigates the impact of the Single Area Payment Scheme (SAPS) on farmland
rental rates in the New EU Member States. Using a unique set of farm level panel data with …

The objective of this paper is to estimate the capitalization of CAP subsidies into both rental
prices and land values in the EU. We use FADN data at regional level for the period 1989 …

This survey paper explores the literature on decoupling of farm programs that has emerged
in the last 10 years. The paper identifies and assesses the various channels of potential …