Abstract
In the first part of the article the question is raised if the land rent theory is still relevant to a situation in which, for more than 20 years, land prices have been rising much faster than agricultural income. The author gives a survey of the arguments brought forward to explain this divergence. The development in land prices is related to long-run changes in the distribution of land ownership. This is analysed in the second part of the article on the basis of statistical data from France. The author concludes that it is not simple to develop a theoretical framework to explain the relations between the changes in land prices and land ownership which both reflect the same underlying structural developments.
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