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Agricultural Support, Farm Land Values and Sectoral Adjustment: The Implications for Policy Reform
Contributor(s): OECD Publishing (Author)

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 ISBN: 9264031723     ISBN-13: 9789264031722
Publisher: Org. for Economic Cooperation & Development
OUR PRICE: $31.35  

Binding Type: Paperback
Published: May 2008
* Out of Print *
Additional Information
BISAC Categories:
- Technology & Engineering | Agriculture - General
Dewey: 333.731
LCCN: 2008420660
Physical Information: 0.25" H x 8.25" W x 11" L (0.63 lbs) 120 pages
Features: Bibliography, Illustrated
Review Citations: Reference and Research Bk News 11/01/2008 pg. 108
 
Descriptions, Reviews, Etc.
Publisher Description:
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 - whether through commodity prices, input subsidies, or direct cash transfers - can become capitalised into asset values. These higher asset values translate to increased wealth for current sector participants, but the resulting higher cost structure can have deleterious effects. Second, many policies, in particular regulatory ones, reduce asset mobility -the ease with which capital, land, labour and other inputs are transferred between different economic activities. This results in reduced economic efficiency due a sub-optimal allocation of resources, and can potentially further exacerbate the capitalisation phenomena. 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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