IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02338151.html
   My bibliography  Save this paper

Pricing manure spreading rights: measure from the land market

Author

Listed:
  • Philippe Le Goffe

    (SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRA - Institut National de la Recherche Agronomique - AGROCAMPUS OUEST)

  • Julien Salanie

    (SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRA - Institut National de la Recherche Agronomique - AGROCAMPUS OUEST)

Abstract

This paper deals with manure spreading markets in France. We focalise on the capitalisation of the manure spreading rent in the land market. First, the paper summarises the literature on farmland prices. Then we develop a theoretical model based on farm profit maximisation from which we derive inverse demand functions for land and manure spreading rights. We then provide a hedonic application dealing with 7000 individual transactions from the land market of Brittany (westem France). Land price is explained by land quality and specialisation, cereal and milk yields. Land price rises when livestock concentration increases. Pig density gets the best results. We conclude making a comparison with the manure market in the Netherlands and dealing with future research.

Suggested Citation

  • Philippe Le Goffe & Julien Salanie, 2005. "Pricing manure spreading rights: measure from the land market," Post-Print hal-02338151, HAL.
    • Handle: RePEc:hal:journl:hal-02338151
    Note: View the original document on HAL open archive server: https://hal.science/hal-02338151
    as

    Download full text from publisher

    File URL: https://hal.science/hal-02338151/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michalland, B., 1996. "Evaluation de la fonction de demande en eau d'irrigation et application de la méthode des prix hédonistes," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 39.
    2. Richard E. Just & John A. Miranowski, 1993. "Understanding Farmland Price Changes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 156-168.
    3. Tomislav Vukina & Ada Wossink, 2000. "Environmental Policies and Agricultural Land Values: Evidence from the Dutch Nutrient Quota System," Land Economics, University of Wisconsin Press, vol. 76(3), pages 413-429.
    4. Helming, John, 1998. "Effects of nitrogen input and nitrogen surplus taxes in Dutch agriculture," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 49.
    5. John Helming, 1998. "Effects of nitrogen input and nitrogen surplus taxes in Dutch agriculture," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 49, pages 5-31.
    6. Yue Jin Shi & Timothy T. Phipps & Dale Colyer, 1997. "Agricultural Land Values under Urbanizing Influences," Land Economics, University of Wisconsin Press, vol. 73(1), pages 90-100.
    7. Raymond B. Palmquist & Leon E. Danielson, 1989. "A Hedonic Study of the Effects of Erosion Control and Drainage on Farmland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 55-62.
    8. Alfons Weersink & Steve Clark & Calum G. Turvey & Rakhal Sarker, 1999. "The Effect of Agricultural Policy on Farmland Values," Land Economics, University of Wisconsin Press, vol. 75(3), pages 425-439.
    9. John Faux & Gregory M. Perry, 1999. "Estimating Irrigation Water Value Using Hedonic Price Analysis: A Case Study in Malheur County, Oregon," Land Economics, University of Wisconsin Press, vol. 75(3), pages 440-452.
    10. J Cavailhès & S Degoud, 1995. "L'évaluation du prix des terres en France. Une application aux effets de la réforme de la PAC," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 36, pages 49-77.
    11. Plantinga, Andrew J. & Lubowski, Ruben N. & Stavins, Robert N., 2002. "The effects of potential land development on agricultural land prices," Journal of Urban Economics, Elsevier, vol. 52(3), pages 561-581, November.
    12. Raymond B. Palmquist, 1989. "Land as a Differentiated Factor of Production: A Hedonic Model and Its Implications for Welfare Measurement," Land Economics, University of Wisconsin Press, vol. 65(1), pages 23-28.
    13. John Helming, 1998. "Effects of nitrogen input and nitrogen surplus taxes in Dutch agriculture," Post-Print hal-01200911, HAL.
    14. Bastian, Chris T. & McLeod, Donald M. & Germino, Matthew J. & Reiners, William A. & Blasko, Benedict J., 2002. "Environmental amenities and agricultural land values: a hedonic model using geographic information systems data," Ecological Economics, Elsevier, vol. 40(3), pages 337-349, March.
    15. Barry K. Goodwin & Ashok K. Mishra & François N. Ortalo-Magné, 2003. "What's Wrong with Our Models of Agricultural Land Values?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 744-752.
    16. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    17. Myles Patton & Seamus McErlean, 2003. "Spatial Effects within the Agricultural Land Market in Northern Ireland," Journal of Agricultural Economics, Wiley Blackwell, vol. 54(1), pages 35-54, March.
    18. Cavailhès, J. & Degoud, S., 1995. "L'évaluation du prix des terres en France. Une application aux effets de la réforme de la PAC," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 36.
    19. B Michalland, 1996. "Evaluation de la fonction de demande en eau d'irrigation et application de la méthode des prix hédonistes," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 39, pages 199-222.
    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. Ay, Jean-Sauveur & Latruffe, Laure, 2013. "The Empirical Content of the Present Value Model: A survey of the instrumental uses of farmland prices," Working papers 157112, Factor Markets, Centre for European Policy Studies.
    2. Laure Latruffe & Chantal Le Mouël, 2009. "Capitalization Of Government Support In Agricultural Land Prices: What Do We Know?," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 659-691, September.
    3. Pavel Ciaian & d’Artis Kancs & Johan Swinnen, 2010. "EU Land Markets and the Common Agricultural Policy," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 53(3), pages 1-31.
    4. JunJie Wu & Haixia Lin, 2010. "The Effect of the Conservation Reserve Program on Land Values," Land Economics, University of Wisconsin Press, vol. 86(1), pages 1-21.
    5. Lautrup, M. & Panduro, T.E. & Olsen, J.V. & Pedersen, M.F. & Jacobsen, J.B., 2023. "Is there more to trees than timber? Estimating the private amenity value of forests using a hedonic land model for combined agricultural properties," Forest Policy and Economics, Elsevier, vol. 146(C).
    6. Li, Xin, 2016. "The Farmland Valuation Revisited," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 4(2), pages 1-14, April.
    7. Schilling, Brian J. & Sullivan, Kevin P. & Duke, Joshua M., 2013. "Do Residual Development Options Increase Preserved Farmland Values?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(3), pages 1-17.
    8. Élodie Letort & Chalachew Temesgen, 2014. "Influence of environmental policies on farmland prices in the Bretagne region of France," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 95(1), pages 77-109.
    9. David Maddison, 2009. "A Spatio‐temporal Model of Farmland Values," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(1), pages 171-189, February.
    10. Segura, Baldomero & Marqués Pérez, Inmaculada, 2018. "Spatial analysis of agricultural land prices," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 18(01), June.
    11. Philippe Le Goffe & Dominique Vermersch, 2004. "Le marché de l'épandage peut-il réduire le coût de la résorption des excédents d'azote ?," Économie rurale, Programme National Persée, vol. 279(1), pages 20-32.
    12. Ayala Wineman & Thomas S Jayne, 2018. "Land Prices Heading Skyward? An Analysis of Farmland Values across Tanzania," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 40(2), pages 187-214.
    13. Mykel R. Taylor & Nathan P. Hendricks & Gabriel S. Sampson & Dillon Garr, 2021. "The Opportunity Cost of the Conservation Reserve Program: A Kansas Land Example," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 849-865, June.
    14. Ma, Shan & Swinton, Scott M., 2011. "Valuation of ecosystem services from rural landscapes using agricultural land prices," Ecological Economics, Elsevier, vol. 70(9), pages 1649-1659, July.
    15. Latruffe, Laure & Minviel, Jean Joseph & Salanié, Julien, 2013. "The role of environmental and land transaction regulations on agricultural land price: The example of the French region Brittany," Working Papers 207855, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    16. Latruffe, Laure & Salanié, Julien & Minvie, Jean Joseph, 2013. "The Role of Environmental and Land Transaction Regulations on Agricultural Land Price: The example of Brittany," Working papers 157111, Factor Markets, Centre for European Policy Studies.
    17. Pyykkonen, Perttu, 2005. "Spatial Analysis of Factors Affecting Finnish Farmland Prices," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24541, European Association of Agricultural Economists.
    18. Chun-Chang Lee & Yi-Xin Chen & Yun-Ling Wu & Wen-Chih Yeh & Chih-Min Liang, 2020. "Multilevel Analysis of the Pressure of Agricultural Land Conversion, Degree of Urbanization and Agricultural Land Prices in Taiwan," Land, MDPI, vol. 9(12), pages 1-21, November.
    19. Henderson, Jason R. & Moore, Sean, 2006. "The Capitalization of Wildlife Recreation Income into Farmland Values," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(3), pages 1-14, December.
    20. Temesgen, Chalachew & Dupraz, Pierre, 2014. "The role of farmers’ competition on farmland price in local markets: Bretagne region of France," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170610, Agricultural and Applied Economics Association.

    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:hal:journl:hal-02338151. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.