Abstract
Despite the popularity of agricultural land markets as a research topic, a current literature review on price drivers on agricultural land rental markets is missing, which is crucial in order to gain an overview of the status quo. Furthermore, farmers’ perceptions of price drivers on agricultural land rental markets have not been considered sufficiently. Therefore, this study combines descriptive results from a survey with 156 German farmers conducted during 2019–2020 using purposive sampling and a systematic literature review. The systematic literature review reveals four important areas acting as price drivers in agricultural land rental markets: policy/Common Agricultural Policy (CAP), bioenergy, climate change, and market prices/competition. Based on the overview, several points of departure for further research are provided. Furthermore, results from the survey show that farmers’ perceptions of the relative importance of the price drivers differ from the results of scientific literature. Therefore, perceptions of farmers should be considered for possible policy interventions derived from scientific evidence.
Highlights
The rent paid in existing rental agreements was €484 per hectare arable land and year in the sample, Land 2021, 10, x FOR PEER REVIEW which exceeds the German average of €328 per hectare arable land and year, according to figures recorded during the last full agricultural statistics survey in 2016
The study at hand provides a snapshot of the state of current research in literature on agricultural land rental markets and their price drivers by applying the PRISMA procedure as a systematic literature review
The sample was the result of purposive sampling with the precondition that the respondents are actively engaged in arable farming
Summary
Objectives in the operation of theObjective agricultural holding “I would like to reduce my farming activities”“I would like to maintain the level of my farming activities”“I would like to expand my farming activities”Precipitation Precipitation in mm per yearSoil quality of arable land given in the soilSoilQuality quality index (7;100)1, if the agricultural holding succession has Successor been clarified; 0 otherwise a Ger. Objective agricultural holding “I would like to reduce my farming activities”. “I would like to maintain the level of my farming activities”. “I would like to expand my farming activities”. Soil quality of arable land given in the soil. 1, if the agricultural holding succession has Successor been clarified; 0 otherwise a Ger. Avg. A. German Farmers Association [10]; SD = Standard deviation, Ger. For a plausibility check of the answers, a test question was integrated into the survey, for which the answer was provided. Eight participants who answered the test question incorrectly were removed from the sample
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
