Farmland Rental Prices in GM Soybean Areas of Argentina: Do Contractual Arrangements Matter?
基于阿根廷潘帕斯地区255块农田的一手数据，用特征价格模型分析租赁合同类型对租金的影响，发现短期合同和播种池合同会推高租金，大豆产量也有显著影响。
In this paper we study the determinants of the rental price of farmland in the Argentinian Pampas. In particular, we examine the price of lease contracts using a hedonic price model, while controlling for other potential sources of variation. Using firsthand data for 255 plots, our results indicate that both short-term contracts and contracts with sowing pools push rental prices upwards. We also find that soybean yields have a significant impact on land rental prices. These results suggest that if Argentina intends to protect the enormous natural advantage it has for agricultural production, it should consider strictly regulating land rental contracts.