{"title":"From informal farmland rental to market‐oriented transactions: Do China's Land Transfer Service Centers help?","authors":"Pengfei Fan, Ashok K. Mishra, Shuyi Feng, Min Su","doi":"10.1111/1477-9552.12615","DOIUrl":null,"url":null,"abstract":"Farmland rental markets are important in production agriculture. Informal farmland rental markets have taken root in Chinese agriculture. However, farmland rental markets need to be transparent for increased efficiency and smooth functioning. This study uses three waves of nationally representative panel data and a difference‐in‐differences framework to examine the effect of China's Land Transfer Service Centers (LTSCs) on market‐oriented farmland transfers. The result indicates that LTSCs enhance farmland transfer marketisation, encouraging landowners to rent their land to large‐scale operators, engage in fixed‐term contracts and charge pecuniary rents. However, the LTSCs' “discrimination” against smallholders may limit their impact on the overall market. Additionally, LTSCs have weaker effects in villages with large clans and stronger effects in villages with bank outlets. The results illustrate the potential value of intermediary service organisations (ISOs) in land rental markets.","PeriodicalId":14994,"journal":{"name":"Journal of Agricultural Economics","volume":null,"pages":null},"PeriodicalIF":3.4000,"publicationDate":"2024-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Agricultural Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1111/1477-9552.12615","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"AGRICULTURAL ECONOMICS & POLICY","Score":null,"Total":0}
引用次数: 0
Abstract
Farmland rental markets are important in production agriculture. Informal farmland rental markets have taken root in Chinese agriculture. However, farmland rental markets need to be transparent for increased efficiency and smooth functioning. This study uses three waves of nationally representative panel data and a difference‐in‐differences framework to examine the effect of China's Land Transfer Service Centers (LTSCs) on market‐oriented farmland transfers. The result indicates that LTSCs enhance farmland transfer marketisation, encouraging landowners to rent their land to large‐scale operators, engage in fixed‐term contracts and charge pecuniary rents. However, the LTSCs' “discrimination” against smallholders may limit their impact on the overall market. Additionally, LTSCs have weaker effects in villages with large clans and stronger effects in villages with bank outlets. The results illustrate the potential value of intermediary service organisations (ISOs) in land rental markets.
期刊介绍：
Published on behalf of the Agricultural Economics Society, the Journal of Agricultural Economics is a leading international professional journal, providing a forum for research into agricultural economics and related disciplines such as statistics, marketing, business management, politics, history and sociology, and their application to issues in the agricultural, food, and related industries; rural communities, and the environment.
Each issue of the JAE contains articles, notes and book reviews as well as information relating to the Agricultural Economics Society. Published 3 times a year, it is received by members and institutional subscribers in 69 countries. With contributions from leading international scholars, the JAE is a leading citation for agricultural economics and policy. Published articles either deal with new developments in research and methods of analysis, or apply existing methods and techniques to new problems and situations which are of general interest to the Journal’s international readership.
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