Publication

The overall objective of this study is to investigate whether and to what extent the different means of implementation of the EU single payment scheme (SPS) have affected i) the capitalization of support into land values (sales and rental prices); ii) the distribution of this capitalization to the different owners; iii) the effect of the SPS, in combination with the institutional setting of land markets, on structural change in agriculture; and iv) the reaction of land markets and asset values to changes in policy.