Ireland’s agriculture is characterised by an ageing farmer population and small average farm sizes. Past policy schemes developed to address these issues have been targeted at accelerating succession and retirement processes in agriculture. Their success however was limited. The process of...

The post 2015 Common Agricultural Policy (CAP) reforms may bring a substantial change in the way farm payments are paid in Scotland where earlier farm payments were based on historical entitlements. Scottish farms now have to follow a Basic payment Scheme (BPS) which would be determined under a...

The concept of sustainability is one of the forefront issues in global agricultural production at present, given mounting pressure to increase food production in both a socially responsible and environmentally friendly way. From an Irish perspective the sustainable intensification of agriculture...

The International Year of Family Farming (IYFF) in 2014 has raised a number of issues related to the economic and policy context of family farming (FF), which covers a wide variety of organisations of farm production. In this paper, after some conceptual discussion, definitional issues are...

Records of rental agreements for agricultural land in England between 1690 and 1914 are used to develop an annual rental price index for agricultural land. This index displays a long run cointegrating relationship with indices for the price of agricultural output and agricultural wage rates. A...

Explicit rental income is a market-determined measure of the income farmers pay for the rental services they receive as tenants living in dwellings owned by others. Imputed rental income measures the income farmers “pay” for the rental services they receive as tenants living in dwellings...

Given the importance of land valuation to the various stakeholders, the objective of this research is to develop a theoretically sound model that robustly estimates the market value of land in Kansas, accounting for urban influence. The market value of land is estimated using a hedonic model...

Risks associated with guarantees of land contracts are expected to be greater than guarantees of loans made by commercial lenders. Farmers utilizing seller-financing have greater debts, less cash flow, less equity in real estate, and less solvency than farmers utilizing regular FSA guarantees....

Theoretical arguments suggest that diversification has both value-enhancing and value-reducing effects. Several finance studies have found that the average diversified firm is worth less than a portfolio of comparable single-segment firms. In agriculture, farms have different characteristics and...