Is agricultural land more expensive than residential?
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216 Citations | This is one reason the economics of land degradation is about a lot more than the market value of agricultural products alone. |
84 Citations | The results of this study show that agricultural land yielded a higher economic benefit in rural areas. |
20 Citations | Generally, land offered by the Agricultural Property Agency is cheaper, but it is also more difficult to purchase. |
38 Citations | This is consistent with the hypothesis that the market for residential land became less efficient after municipal governments gained direct control of the land supply. |
The model results demonstrate that significant state differences exist in the land market and that in many states, agricultural land values are influenced by nonagricultural demand for land. | |
12 Citations | Overall real land values have increased faster than the average annual growth rates in the agricultural sector’s value added, suggesting that land owners have gained proportionately more than other claimants to sectoral income. |
The results show that both urban land rent and urban wages are essential factors that positively contribute to the conversion of agricultural land. | |
32 Citations | The author also confirms the inverse relationship between the household agricultural income and land area cultivated, which is consistent with the huge literature on the negative relationship between land size-class and farm productivity. |
Secondly, farmers are more likely to practice better land management if they have secure access to land and receive favourable prices for agricultural products. | |
In such cases, agricultural income may be supplemented by rental income or by selling land. |
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