Arbeitspapier
An experimental analysis of German farmers' decisions to buy or rent farmland
Farmland is an essential agricultural production factor that farmers can choose to either buy or rent. In this paper, we apply a discrete choice experiment to analyse German farmers' individual buying and rental decisions for farmland. Our results reveal that farmers have a higher willingness to buy than to rent farmland. Covariates such as farmers' risk attitude affect the decisions in the discrete choice experiment while no effect was observable for individual expectations about future farmland prices. Direct payments considerably raise farmers' willingness to buy and rent farmland. Farmers' decisions deviate substantially from normative predictions from the present value model.
- Sprache
-
Englisch
- Erschienen in
-
Series: FORLand-Working Paper ; No. 18 (2020)
- Klassifikation
-
Wirtschaft
Field Experiments
Micro-Based Behavioral Economics: General‡
Agriculture: General
- Thema
-
Agricultural Land Market
Farmland
Rent-or-Buy Decision
Discrete Choice Experiment
Present Value Model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buchholz, Matthias
Danne, Michael
Mußhoff, Oliver
- Ereignis
-
Veröffentlichung
- (wer)
-
Humboldt-Universität zu Berlin, DFG Research Unit 2569 FORLand "Agricultural Land Markets - Efficiency and Regulation"
- (wo)
-
Berlin
- (wann)
-
2020
- DOI
-
doi:10.18452/21037
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Buchholz, Matthias
- Danne, Michael
- Mußhoff, Oliver
- Humboldt-Universität zu Berlin, DFG Research Unit 2569 FORLand "Agricultural Land Markets - Efficiency and Regulation"
Entstanden
- 2020
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