An experimental analysis of German farmers’ decisions to buy or rent farmland
نویسندگان
چکیده
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 analyse German farmers’ individual buying and rental decisions for farmland. Our results reveal have higher willingness than rent Covariates such as risk attitude affect the in while no effect was observable expectations about future farmland prices. Direct payments considerably raise Farmers’ deviate substantially from normative predictions present value model.
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ژورنال
عنوان ژورنال: Land Use Policy
سال: 2022
ISSN: ['0264-8377', '1873-5754']
DOI: https://doi.org/10.1016/j.landusepol.2022.106218