Abstract
This article analyses the non-market value of cultivated land resources firstly, then makes a further study why thecultivated land resources lack of non-market value compensation under current land expropriation systems. Theresults prove that vacancy of non-market value not only does harm to rights of farmers, but also makes the lossof total social welfare and results in disorder circulation during non-agricultural. Finally, this paper tries toimprove and perfect current compensation systems of land expropriation based on non-market value category.
Highlights
This article analyses the non-market value of cultivated land resources firstly, makes a further study why the cultivated land resources lack of non-market value compensation under current land expropriation systems
The value of cultivated land resources is the important foundation of compensation of imposed cultivated land, whereas the non-market value of cultivated land resources is not adequately embodied in modern system of compensation for requisition of land
This article has analyzed the consequence of deficiency of non-market value of cultivated land resources in compensation for requisition of land and pointed that owing to disappreciation of non-market value, the expropriation and exploitation of cultivated land are merely under the enticement of economic interest, yet various stakeholders’ loss of rights and interests, restraint of resources and environment and loss of social welfare are not taken into account
Summary
Traditional economics has known the value of cultivated land only based on narrow and limited economic value. As for current demand in China, the functions of cultivated land resources can be summarized as functions of economic output, ecological services and social security. 2.2 Deficiency of non-market value in system of compensation for requisition of land. It goes without saying that the value of social security involved in non-market value of cultivated land resources is significant to all farmers. Current standard of compensation is far from enough relative to the value of social security involved in non-market value of cultivated land resources. From what has been discussed above, if farmers’ compensation is done merely on the basis of the economic values produced by procreative purpose of cultivated land, farmers’ rights and interests are undoubtedly deprived.
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