Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion Baltic

The main aim of this study was to identify the factors that drive the prices of agricultural property after Poland's accession to EU in regions where agriculture is the predominant mode of production. A statistical model of real estate prices was developed based on the conducted transactions. T...

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Main Author: Kocur-Bera Katarzyna
Format: Article
Language:English
Published: EDP Sciences 2016-03-01
Series:Cahiers Agricultures
Subjects:
Online Access:http://dx.doi.org/10.1051/cagri/2016013
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author Kocur-Bera Katarzyna
author_facet Kocur-Bera Katarzyna
author_sort Kocur-Bera Katarzyna
collection DOAJ
description The main aim of this study was to identify the factors that drive the prices of agricultural property after Poland's accession to EU in regions where agriculture is the predominant mode of production. A statistical model of real estate prices was developed based on the conducted transactions. The key determinants of agricultural property prices were: location of land relative to rural settlements, soil quality, land fragmentation, forest cover in the municipality and location of farms in less-favored areas with natural handicaps for agricultural production. The last attribute results from Poland's membership in the European Union and participation in the Common Agricultural Policy. The support scheme increased the prices of agricultural property. Our results are largely consistent with the findings of international studies. They provide valuable inputs for prospective buyers of agricultural property and investors.
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spelling doaj.art-5a27cdc722ad4a969366b5bd61e1dd072022-12-22T04:07:46ZengEDP SciencesCahiers Agricultures1166-76991777-59492016-03-012522500410.1051/cagri/2016013cagri160021Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion BalticKocur-Bera KatarzynaThe main aim of this study was to identify the factors that drive the prices of agricultural property after Poland's accession to EU in regions where agriculture is the predominant mode of production. A statistical model of real estate prices was developed based on the conducted transactions. The key determinants of agricultural property prices were: location of land relative to rural settlements, soil quality, land fragmentation, forest cover in the municipality and location of farms in less-favored areas with natural handicaps for agricultural production. The last attribute results from Poland's membership in the European Union and participation in the Common Agricultural Policy. The support scheme increased the prices of agricultural property. Our results are largely consistent with the findings of international studies. They provide valuable inputs for prospective buyers of agricultural property and investors.http://dx.doi.org/10.1051/cagri/2016013agricultural landcharacteristics of agriculture propertyless-favoured arealand acquisition
spellingShingle Kocur-Bera Katarzyna
Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion Baltic
Cahiers Agricultures
agricultural land
characteristics of agriculture property
less-favoured area
land acquisition
title Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion Baltic
title_full Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion Baltic
title_fullStr Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion Baltic
title_full_unstemmed Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion Baltic
title_short Determinants of agricultural land price in Poland – a case study covering a part of the Euroregion Baltic
title_sort determinants of agricultural land price in poland a case study covering a part of the euroregion baltic
topic agricultural land
characteristics of agriculture property
less-favoured area
land acquisition
url http://dx.doi.org/10.1051/cagri/2016013
work_keys_str_mv AT kocurberakatarzyna determinantsofagriculturallandpriceinpolandacasestudycoveringapartoftheeuroregionbaltic