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Price Adjustment and Land Valuation in the Soviet Agricultural Reform: A View Using Lithuanian Farm Data

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  • Brooks, Karen

Abstract

Changes in land tenure in the U.S.S.R. require that agricultural producers pay for land use. The current distorted pricing system, plus the absence of functioning land markets, complicate land valuation and slow adoption of new property relations. In a well-functioning market economy, agricultural land would earn its marginal value product in agricultural production. This value can be measured empirically from production data and can serve as an appropriate initial value for users' fees. Copyright 1991 by Oxford University Press.

Suggested Citation

  • Brooks, Karen, 1991. "Price Adjustment and Land Valuation in the Soviet Agricultural Reform: A View Using Lithuanian Farm Data," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 18(1), pages 19-36.
    • Handle: RePEc:oup:erevae:v:18:y:1991:i:1:p:19-36
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    Cited by:

    1. Drescher, Klaus & Henderson, Jason R. & McNamara, Kevin T., 2001. "Farmland Price Determinants," 2001 Annual meeting, August 5-8, Chicago, IL 20685, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Svrznjak, Kristina & Franic, Ramona, 2012. "Developing Agrarian Structure Through The Disposal Of State-Owned Agricultural Land In Croatia," 132nd Seminar, October 25-27, 2012, Skopje, Republic of Macedonia 139502, European Association of Agricultural Economists.
    3. Svržnjak, Kristina & Franić, Ramona, 2014. "Developing agrarian structure through the disposal of state-owned agricultural land in Croatia," Agroeconomia Croatica, Croatian Society of Agricultural Economists, vol. 4(1), pages 1-8, July.
    4. Drescher, Klaus & McNamara, Kevin T., 1999. "Determinants of German farmland prices," ERSA conference papers ersa99pa043, European Regional Science Association.

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