TY - BOOK ID - 7763768 TI - Agricultural support, farm land values and sectoral adjustment : the implications for policy reform. PY - 2008 SN - 1281719234 9786611719234 9264031731 9264031723 PB - Paris : OECD, DB - UniCat KW - Agricultural subsidies. KW - Agriculture -- Economic aspects. KW - Land tenure -- Government policy. KW - Land use -- Planning. KW - Agricultural subsidies KW - Agriculture KW - Land use KW - Land tenure KW - Business & Economics KW - Agricultural Economics KW - Economic aspects KW - Planning KW - Government policy KW - Economic aspects. KW - Planning. KW - Government policy. KW - Agrarian tenure KW - Feudal tenure KW - Freehold KW - Land ownership KW - Land question KW - Landownership KW - Tenure of land KW - Agrarian question KW - Agribusiness KW - Agricultural economics KW - Agricultural production economics KW - Production economics, Agricultural KW - Agricultural industries KW - Farm subsidies KW - Subsidies KW - Land use, Rural KW - Real property KW - Land, Nationalization of KW - Landowners KW - Serfdom KW - Agriculture and state UR - https://www.unicat.be/uniCat?func=search&query=sysid:7763768 AB - Governments intervene in the agricultural sector through policies that both support and shape agricultural production. This leads to two important outcomes. First, agriculture specific programmes intended to increase the welfare of farmers can become capitalised into asset values. Second, many policies, in particular regulatory ones, reduce asset mobility, resulting in reduced economic efficiency due a sub-optimal allocation of resources. This study focuses on the capitalisation of government support into land rents and prices. It assesses the consequences of inflated asset values, and suggests lessons for future policy making. ER -