Economic evaluation of agricultural land to assess land use changes |
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| Affiliation: | 1. Luxembourg Institute for Socio-Economic Research, L-4366, Esch-sur-Alzette, Luxembourg;2. CONICET – IELDE, National University of Salta, A4408FVY, Salta, Argentina;1. Key Laboratory of Land Environment and Disaster Monitoring, China University of Mining and Technology, Xuzhou 221116, China;2. Morrison School of Agribusiness, W.P. Carey School of Business, Arizona State University, Mesa, AZ, USA;3. School of Management, Technical University of Munich, Munich, Germany;1. Forest Research Centre (CEF)—Instituto Superior de Agronomia—Universidade de Lisboa, Tapada da Ajuda, 1349-017 Lisboa, Portugal;2. Centro de Estudos Transdisciplinares para o Desenvolvimento (CETRAD), University of Trás-os-Montes e Alto Douro (UTAD) Quinta de Prados, 5000-801 Vila Real, Portugal;3. Institute for Prospective Technological Studies (IPTS), Joint Research Centre (JRC), European Commission, C/Inca Garcilaso, s/n, 41092 Seville, SPAIN |
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| Abstract: | Land-use models express the relationship between various driving forces of land-use changes and are increasingly employed in practical applications to predict possible future land uses. The relationship between the agricultural land market and land-use changes is often neglected in such models. The objective of this study is to assess the production values of agricultural land to be integrated in an operational land-use model with the aim to improve understanding of land-use changes in all 28 European Union countries. 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 market value. The scientific relevance of this work is the development of a comprehensive methodology for the economic evaluation of agricultural land uses in different EU countries, the integration of economic production values of land to the local suitability approach in the studied land-use model and the provision of a EU-wide database of the NPVs of agricultural land uses, including various energy crops. |
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| Keywords: | Agricultural land valuation Net Present Value Land-use changes EU countries |
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