IDEAS home Printed from https://ideas.repec.org/a/mup/actaun/2021.058.html
   My bibliography  Save this article

Agriculture Land Price Setting Systems, and Possible Directions for Their Updating

Author

Listed:
  • Josef Slaboch

    ( Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 192, 165 00 Prague, Czech Republic)

  • Michal Malý

    ( Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 192, 165 00 Prague, Czech Republic)

Abstract

The aim of this article is to assess the effect of the applied land valuation system on the price of land, and as a consequence of the implied links to compare the valuation of soil units in Slovakia and the Czech Republic. In order to fulfil this objective, an econometric approach was chosen in the form of a hedonic price model, whereby the heteroscedastic corrected linear regression model was specifically applied. The estimated model shows a very high explanatory ability, together with a high parametric significance for most fictitious variables (land characteristics), and at the same time also fulfils the theoretical and logical consistency of general assumptions. From the results, it is evident that, in the case of Slovakia, ESEU [evaluated soil ecological unit] valuation is affected primarily by the climatic region and the main soil unit. When comparing the results of the effect of individual input factors on the price of land in the Czech Republic and Slovakia, it can be stated that the results are slightly different in the effect of certain factors. The characteristics of soils located in warm climatic regions with a valuable soil type of chernozem and low slope are significant and positively intensive factors.

Suggested Citation

  • Josef Slaboch & Michal Malý, 2021. "Agriculture Land Price Setting Systems, and Possible Directions for Their Updating," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 69(6), pages 655-664.
    • Handle: RePEc:mup:actaun:2021.058
    DOI: 10.11118/actaun.2021.058
    as

    Download full text from publisher

    File URL: http://acta.mendelu.cz/doi/10.11118/actaun.2021.058.html
    Download Restriction: free of charge
    File URL: http://acta.mendelu.cz/doi/10.11118/actaun.2021.058.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.11118/actaun.2021.058?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Slaboch, Josef & Čechura, Lukáš, 2020. "Land Pricing Model: Price Re-evaluation Due to the Erosion and Climate Change Effects," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(3), December.
    2. Slaboch, Josef & Čechura, Lukáš, 2020. "Land Pricing Model: Price Re-evaluation Due to the Erosion and Climate Change Effects," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 12(4), December.
    3. Schneider, Uwe A. & Havlík, Petr & Schmid, Erwin & Valin, Hugo & Mosnier, Aline & Obersteiner, Michael & Böttcher, Hannes & Skalský, Rastislav & Balkovic, Juraj & Sauer, Timm & Fritz, Steffen, 2011. "Impacts of population growth, economic development, and technical change on global food production and consumption," Agricultural Systems, Elsevier, vol. 104(2), pages 204-215, February.
    4. Schmidtner, Eva & Dabbert, Stephan & Lippert, Christian, 2015. "Do Different Measurements of Soil Quality Influence the Results of a Ricardian Analysis? – A Case Study on the Effects of Climate Change on German Agriculture," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 64(02), June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Silvia Russo & Rino Ghelfi & Meri Raggi & Davide Viaggi, 2024. "Factors Affecting the Land Investment Decisions in the Old Members of the European Union: A Systematic Literature Review," Land, MDPI, vol. 13(4), pages 1-18, April.
    2. Ghada Gomaa A. Mohamed & Morrison Handley Schachler, 2017. "Population Growth and Transitional Dynamics of Egypt Theoretical Analysis & Time Series Analysis from 1981 To 2007," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 7(2), pages 110-118, February.
    3. Mosnier, A. & Havlík, P. & Valin, H. & Baker, J. & Murray, B. & Feng, S. & Obersteiner, M. & McCarl, B.A. & Rose, S.K. & Schneider, U.A., 2013. "Alternative U.S. biofuel mandates and global GHG emissions: The role of land use change, crop management and yield growth," Energy Policy, Elsevier, vol. 57(C), pages 602-614.
    4. Shikur, Zewdie Habte, 2021. "Potato and Tomato Supply and Yield Responses to Policy in Ethiopia," African Journal of Economic Review, African Journal of Economic Review, vol. 9(4), September.
    5. Sun, Yunpeng & Gao, Pengpeng & Raza, Syed Ali & Shah, Nida & Sharif, Arshian, 2023. "The asymmetric effects of oil price shocks on the world food prices: Fresh evidence from quantile-on-quantile regression approach," Energy, Elsevier, vol. 270(C).
    6. Vardges Hovhannisyan & Marin Bozic, 2017. "Price Endogeneity and Food Demand in Urban China," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(2), pages 386-406, June.
    7. Baldos, Uris Lantz C. & Hertel, Thomas W., 2014. "Global food security in 2050: the role of agricultural productivity and climate change," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(4), October.
    8. Martínez-Alvarez, V. & García-Bastida, P.A. & Martin-Gorriz, B. & Soto-García, M., 2014. "Adaptive strategies of on-farm water management under water supply constraints in south-eastern Spain," Agricultural Water Management, Elsevier, vol. 136(C), pages 59-67.
    9. Ridwan Lanre Ibrahim & Usama Al-Mulali & Kazeem Bello Ajide & Abubakar Mohammed & Mamdouh Abdulaziz Saleh Al-Faryan, 2023. "The Implications of Food Security on Sustainability: Do Trade Facilitation, Population Growth, and Institutional Quality Make or Mar the Target for SSA?," Sustainability, MDPI, vol. 15(3), pages 1-23, January.
    10. Gohar, Abdelaziz A. & Cashman, Adrian, 2016. "A methodology to assess the impact of climate variability and change on water resources, food security and economic welfare," Agricultural Systems, Elsevier, vol. 147(C), pages 51-64.
    11. Forte, Annachiara & Zucaro, Amalia & De Vico, Gionata & Fierro, Angelo, 2016. "Carbon footprint of heliciculture: A case study from an Italian experimental farm," Agricultural Systems, Elsevier, vol. 142(C), pages 99-111.
    12. Marek Ogryzek & Krzysztof Rząsa & Ryszard Źróbek, 2021. "Change in the Level of Agricultural Development in the Context of Public Institutions’ Activities—A Case Study of the NASC Activities in Poland," Land, MDPI, vol. 10(2), pages 1-15, February.
    13. Raza, Syed Ali & Guesmi, Khaled & Belaid, Fateh & Shah, Nida, 2022. "Time-frequency causality and connectedness between oil price shocks and the world food prices," Research in International Business and Finance, Elsevier, vol. 62(C).
    14. Putman, Ben & Thoma, Greg & Burek, Jasmina & Matlock, Marty, 2017. "A retrospective analysis of the United States poultry industry: 1965 compared with 2010," Agricultural Systems, Elsevier, vol. 157(C), pages 107-117.
    15. Listia Rini & Joachim J. Schouteten & Ilona Faber & Kai-Brit Bechtold & Federico J. A. Perez-Cueto & Xavier Gellynck & Hans De Steur, 2022. "Identifying the Key Success Factors of Plant-Based Food Brands in Europe," Sustainability, MDPI, vol. 15(1), pages 1-15, December.
    16. Kipling, Richard P. & Bannink, André & Bellocchi, Gianni & Dalgaard, Tommy & Fox, Naomi J. & Hutchings, Nicholas J. & Kjeldsen, Chris & Lacetera, Nicola & Sinabell, Franz & Topp, Cairistiona F.E. & va, 2016. "Modeling European ruminant production systems: Facing the challenges of climate change," Agricultural Systems, Elsevier, vol. 147(C), pages 24-37.
    17. Lichtenberg, Erik & Strand, Ivar E., Jr., 2000. "Joint Adoption Of Multiple Technologies: A Dual, Latent Demand Approach," Working Papers 28566, University of Maryland, Department of Agricultural and Resource Economics.
    18. Kirchner, Mathias & Mitter, Hermine & Schönhart, Martin & Schmid, Erwin, 2014. "Integrated land use modelling to analyse climate change adaptation in Austrian agriculture," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182944, European Association of Agricultural Economists.
    19. Thakur, Amod K. & Mohanty, Rajeeb K. & Singh, Rajbir & Patil, Dhiraj U., 2015. "Enhancing water and cropping productivity through Integrated System of Rice Intensification (ISRI) with aquaculture and horticulture under rainfed conditions," Agricultural Water Management, Elsevier, vol. 161(C), pages 65-76.
    20. Iris Alkaher & Nurit Carmi, 2019. "Is Population Growth an Environmental Problem? Teachers’ Perceptions and Attitudes towards Including It in Their Teaching," Sustainability, MDPI, vol. 11(7), pages 1-24, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mup:actaun:2021.058. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivo Andrle (email available below). General contact details of provider: https://mendelu.cz/en/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.