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Improving the estimates of agricultural land valuation: report to the World Bank

Author

Listed:
  • Philippe Bontems
  • Jean-Sauveur Ay

    (CESAER - Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux - INRA - Institut National de la Recherche Agronomique - AgroSup Dijon - Institut National Supérieur des Sciences Agronomiques, de l'Alimentation et de l'Environnement)

  • Raja Chakir

    (ECO-PUB - Economie Publique - INRA - Institut National de la Recherche Agronomique - AgroParisTech)

  • Laure Latruffe

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

Abstract

In this report, we survey some recent results obtained in the economic literature in order to improve the estimates of agricultural land wealth provided by the World Bank. In particular, we study how to better estimate land returns growth rates and how to include uncertainty. We also examine how to review the rental rates parameters used in the Net Present Value of land. Finally, we suggest ways to include climate change and land degradation impacts.

Suggested Citation

  • Philippe Bontems & Jean-Sauveur Ay & Raja Chakir & Laure Latruffe, 2015. "Improving the estimates of agricultural land valuation: report to the World Bank," Working Papers hal-01462707, HAL.
    • Handle: RePEc:hal:wpaper:hal-01462707
    as

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