Organic cultivation and farmland prices: Does certification matter?
研究德国勃兰登堡州有机与常规农地交易价格差异，发现平均无显著价差，但存在溢价和折价异质性。
Abstract Organic cultivation offers environmental benefits such as improved soil functioning; however, whether an organic cultivation history capitalizes in farmland values remains unclear. We analyse price differentials between organic and conventional arable land in Brandenburg, Germany, using detailed land transaction data and longitudinal land-use data. Based on a doubly robust approach combining matching and regression, we find on average no price differential between organic and conventional farmland at the time of sale. Investigating effect heterogeneity over time, in space, and by post-sale use indicates that this null effect comprises markups and markdowns for organic farmland.