Title: Economic evaluation of agricultural land to assess land use changes
Citation: LAND USE POLICY vol. 56 p. 125-146
Publication Year: 2016
JRC N°: JRC96600
ISSN: 0264-8377
URI: http://www.sciencedirect.com/science/article/pii/S0264837716303787
DOI: 10.1016/j.landusepol.2016.04.020
Type: Articles in periodicals and books
Abstract: Land-use models express the relationship between various driving forces of land-use changes and areincreasingly employed in practical applications to predict possible future land uses. The relationshipbetween the agricultural land market and land-use changes is often neglected in such models. The objec-tive of this study is to assess the production values of agricultural land to be integrated in an operationalland-use model with the aim to improve understanding of land-use changes in all 28 European Unioncountries. This economic evaluation of agricultural land is based on the Net Present Value (NPV) method,a method that aims at uncovering the operational production values of land rather than real estate marketvalue. The scientific relevance of this work is the development of a comprehensive methodology for theeconomic evaluation of agricultural land uses in different EU countries, the integration of economic pro-duction values of land to the local suitability approach in the studied land-use model and the provisionof a EU-wide database of the NPVs of agricultural land uses, including various energy crops.
JRC Directorate:Growth and Innovation

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