Economic and legal aspects of the agricultural land market

Abstract

Agricultural land market is usually defined as the purchase of agricultural land. In the most of the European countries, the land rental transactions have received the dominant position in the land market. Therefore, the land rental transactions are included into the agricultural land market analysis. The decision processes of market subjects are often influenced by the law. On the one hand, there is the law regulating the value of agricultural land from the various points of view. On the other hand, there are some statutes stipulating the rental legal rules. The objective of this paper is to analyse the influence of the law on the behaviour of market subjects in the agricultural land market.

Keywords

• agricultural land
• land market
• land transactions
• land rent
• land legal regulation