{"title":"Introduction to Special Issue on Agribusiness and Sustainable Development in Latin America","authors":"Federico García-Suárez, Francisco Rosas","doi":"10.1002/agr.70038","DOIUrl":"https://doi.org/10.1002/agr.70038","url":null,"abstract":"","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":""},"PeriodicalIF":2.0,"publicationDate":"2025-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145366413","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article aimed to investigate the contribution of technical efficiency gains to reducing the emission of greenhouse gases in Brazilian sugarcane production and to estimate the monetary compensation that producers should receive to reduce pollution. Using an output distance function and its duality with the revenue function, we estimated the technical efficiency of sugarcane production in Brazilian municipalities and the shadow price of reducing carbon dioxide (CO2) emissions from the production of this crop. The main result was an overall technical efficiency average of 81%, which indicates that if producers adopt better management practices, the sugarcane production could be expanded by 19% with a contraction by the same magnitude in CO2 emissions. We also estimated a mean shadow price of R$9.18 per ton of carbon dioxide, with the highest estimated values in the states of Mato Grosso do Sul, Paraná, Mato Grosso, and Bahia. However, in the state of São Paulo, the most representative national producer, the estimated shadow price is R$6.34 per ton of carbon dioxide. In this sense, public policies, especially through public financing and public technical assistance, could potentially mitigate the producers' losses in the short run since pollution decline usually requires more mechanization.
{"title":"The Role of Technical Efficiency Gains on Greenhouse Gas Emissions: An Analysis of Brazilian Sugarcane Production","authors":"Pedro Soares, Humberto Francisco Silva Spolador","doi":"10.1002/agr.22018","DOIUrl":"https://doi.org/10.1002/agr.22018","url":null,"abstract":"<div>\u0000 \u0000 <p>This article aimed to investigate the contribution of technical efficiency gains to reducing the emission of greenhouse gases in Brazilian sugarcane production and to estimate the monetary compensation that producers should receive to reduce pollution. Using an output distance function and its duality with the revenue function, we estimated the technical efficiency of sugarcane production in Brazilian municipalities and the shadow price of reducing carbon dioxide (CO<sub>2</sub>) emissions from the production of this crop. The main result was an overall technical efficiency average of 81%, which indicates that if producers adopt better management practices, the sugarcane production could be expanded by 19% with a contraction by the same magnitude in CO<sub>2</sub> emissions. We also estimated a mean shadow price of R$9.18 per ton of carbon dioxide, with the highest estimated values in the states of Mato Grosso do Sul, Paraná, Mato Grosso, and Bahia. However, in the state of São Paulo, the most representative national producer, the estimated shadow price is R$6.34 per ton of carbon dioxide. In this sense, public policies, especially through public financing and public technical assistance, could potentially mitigate the producers' losses in the short run since pollution decline usually requires more mechanization.</p>\u0000 </div>","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":"956-968"},"PeriodicalIF":2.0,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145366270","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We investigate the economic feasibility of the Brazilian crop-livestock integration system. Under this system, the Brazilian farmer can produce soybeans, corn, and graze for cattle on the same land during one crop year. This technology can substantially increase agricultural production in the country. We contrasted the stochastic net present value of traditional farming with the integrated system under four different scenarios. To rank the scenarios, we use stochastic dominance methods. The results suggest more significant economic gains for crop-livestock integration scenarios.
{"title":"Economic Feasibility of Crop-Livestock Integration System in Brazil","authors":"Yuri C. D. Calil, Luis Ribera","doi":"10.1002/agr.22007","DOIUrl":"https://doi.org/10.1002/agr.22007","url":null,"abstract":"<p>We investigate the economic feasibility of the Brazilian crop-livestock integration system. Under this system, the Brazilian farmer can produce soybeans, corn, and graze for cattle on the same land during one crop year. This technology can substantially increase agricultural production in the country. We contrasted the stochastic net present value of traditional farming with the integrated system under four different scenarios. To rank the scenarios, we use stochastic dominance methods. The results suggest more significant economic gains for crop-livestock integration scenarios.</p>","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":"1028-1038"},"PeriodicalIF":2.0,"publicationDate":"2024-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/agr.22007","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145366473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Gabriela Carbajo-Alvarez, Gabriel Rosero, Bernhard Brümmer
Smallholder agriculture remains a cornerstone for economic development and poverty reduction in Latin America. Their transition to sustainable agricultural production is critical in the face of the environmental challenges posed by conventional farming practices and is a key pathway to achieving the United Nations' Sustainable Development Goals. This study examines the effects of Sustainable Agricultural Practices (SAP) adoption on coffee production and technical efficiency (TE) among smallholders in Peru, focusing on both observable and unobservable factors. Using a multistage framework, we employ propensity score matching to control for observable factors, estimate a Stochastic Production Frontier model with sample selection bias correction to control for unobservable factors, and assess technological differences using a metafrontier approach. Our analysis of pooled cross-sectional data from 2017 to 2019 indicates that age, farm accessibility, and having Quechua as a first language are factors that make farmers more likely to adopt SAP. Although SAP adopters initially show higher production levels, the difference is not statistically significant after accounting for unobserved factors. However, SAP adopters utilize better technology and exhibit higher TE compared to non-adopters, highlighting the potential benefits of promoting sustainable practices in smallholder agriculture.
{"title":"Do Sustainable Agricultural Practices Boost Production and Technical Efficiency? A Case Study of Coffee Smallholders in Peru","authors":"Gabriela Carbajo-Alvarez, Gabriel Rosero, Bernhard Brümmer","doi":"10.1002/agr.22005","DOIUrl":"https://doi.org/10.1002/agr.22005","url":null,"abstract":"<p>Smallholder agriculture remains a cornerstone for economic development and poverty reduction in Latin America. Their transition to sustainable agricultural production is critical in the face of the environmental challenges posed by conventional farming practices and is a key pathway to achieving the United Nations' Sustainable Development Goals. This study examines the effects of Sustainable Agricultural Practices (SAP) adoption on coffee production and technical efficiency (TE) among smallholders in Peru, focusing on both observable and unobservable factors. Using a multistage framework, we employ propensity score matching to control for observable factors, estimate a Stochastic Production Frontier model with sample selection bias correction to control for unobservable factors, and assess technological differences using a metafrontier approach. Our analysis of pooled cross-sectional data from 2017 to 2019 indicates that age, farm accessibility, and having Quechua as a first language are factors that make farmers more likely to adopt SAP. Although SAP adopters initially show higher production levels, the difference is not statistically significant after accounting for unobserved factors. However, SAP adopters utilize better technology and exhibit higher TE compared to non-adopters, highlighting the potential benefits of promoting sustainable practices in smallholder agriculture.</p>","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":"936-955"},"PeriodicalIF":2.0,"publicationDate":"2024-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/agr.22005","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145366465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Like other Latin American economies, Chile has significantly increased its presence in international agriculture markets. Agricultural commodities are primarily developed within specialized exporters or multinational enterprises and exported to several different countries. In Chile, the fruit sector accounts for almost half of total exports. Internationally oriented companies explore business opportunities in foreign markets and invest adequate resources in international operations. In addition, more internationally oriented companies could be more inclined to invest in green practices due to external pressures and, consequently, achieve higher environmental performance. In this context, environmental performance is related to the extent to which available natural resources are protected during the production, delivery, and consumption of agricultural products. To the best of our knowledge, there is scattered evidence of the relationship between international orientation and the environmental performance of agri-food companies, especially in Latin America. Grounded on the natural resources-based view theory, this study assessed the effects of environmental collaboration on five dimensions of environmental performance (greenhouse gas emissions, energy efficiency, food loss and waste, food quality and safety, and water footprint management) in agri-food companies with a survey with Chilean firms. Data were analyzed using the partial least square—structural equation modeling. We found that international orientation positively influences all five dimensions of environmental performance. Our study identified that the dimension most impacted by international orientation is water footprint management, and the least impacted is food quality and safety. With the aid of multi-group analysis, we concluded that there are no significant differences in these relationships between micro/small and medium/large companies. A significant difference was observed in food loss and waste between fruit and nonfruit producers. We expect the outcomes of this study will support exporting-related decisions and public policies in Latin America.
{"title":"The Effects of International Orientation on the Dimensions of the Environmental Performance of Agri-Food Companies: A Chilean Perspective","authors":"Marcelo Werneck Barbosa","doi":"10.1002/agr.21993","DOIUrl":"https://doi.org/10.1002/agr.21993","url":null,"abstract":"<div>\u0000 \u0000 <p>Like other Latin American economies, Chile has significantly increased its presence in international agriculture markets. Agricultural commodities are primarily developed within specialized exporters or multinational enterprises and exported to several different countries. In Chile, the fruit sector accounts for almost half of total exports. Internationally oriented companies explore business opportunities in foreign markets and invest adequate resources in international operations. In addition, more internationally oriented companies could be more inclined to invest in green practices due to external pressures and, consequently, achieve higher environmental performance. In this context, environmental performance is related to the extent to which available natural resources are protected during the production, delivery, and consumption of agricultural products. To the best of our knowledge, there is scattered evidence of the relationship between international orientation and the environmental performance of agri-food companies, especially in Latin America. Grounded on the natural resources-based view theory, this study assessed the effects of environmental collaboration on five dimensions of environmental performance (greenhouse gas emissions, energy efficiency, food loss and waste, food quality and safety, and water footprint management) in agri-food companies with a survey with Chilean firms. Data were analyzed using the partial least square—structural equation modeling. We found that international orientation positively influences all five dimensions of environmental performance. Our study identified that the dimension most impacted by international orientation is water footprint management, and the least impacted is food quality and safety. With the aid of multi-group analysis, we concluded that there are no significant differences in these relationships between micro/small and medium/large companies. A significant difference was observed in food loss and waste between fruit and nonfruit producers. We expect the outcomes of this study will support exporting-related decisions and public policies in Latin America.</p>\u0000 </div>","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":"992-1009"},"PeriodicalIF":2.0,"publicationDate":"2024-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145366931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Samuel D. Zapata, Xavier A. Villavicencio, Thiago G. Marconi, Carlos A. Avila
This study combines sensory analysis and stated preference valuation techniques to assess the monetary value of organoleptic attributes of new tomato varieties. The tomatoes evaluated included two new varieties adapted to South Texas growing conditions, a commercial check, and tomatoes imported from Mexico. In a blind sensory test, participants sampled, rated, and valued the attributes of all tomato varieties. Willingness to pay responses were collected using a payment card elicitation approach and jointly analyzed with a multivariate ordered probit model. Price premiums were associated with males, smaller households, younger consumers, higher income, and the liking of different organoleptic attributes.
{"title":"Using Sensory Analysis and Stated Preference Valuation to Assess the Willingness to Pay for Fresh Tomato Attributes","authors":"Samuel D. Zapata, Xavier A. Villavicencio, Thiago G. Marconi, Carlos A. Avila","doi":"10.1002/agr.21977","DOIUrl":"https://doi.org/10.1002/agr.21977","url":null,"abstract":"<p>This study combines sensory analysis and stated preference valuation techniques to assess the monetary value of organoleptic attributes of new tomato varieties. The tomatoes evaluated included two new varieties adapted to South Texas growing conditions, a commercial check, and tomatoes imported from Mexico. In a blind sensory test, participants sampled, rated, and valued the attributes of all tomato varieties. Willingness to pay responses were collected using a payment card elicitation approach and jointly analyzed with a multivariate ordered probit model. Price premiums were associated with males, smaller households, younger consumers, higher income, and the liking of different organoleptic attributes.</p>","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"41 4","pages":"1067-1079"},"PeriodicalIF":2.0,"publicationDate":"2024-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/agr.21977","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145366999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In Amazon's marketplaces across the globe, multiple sellers sell the same product, leading Amazon to introduce BuyBox. This box‐like feature, located on the top‐right corner of product pages, prominently displays a single seller at a given time. Using a choice model and a panel dataset of over 290,000 unique grocery products from five countries, our study investigates the key factors that influence BuyBox assignments. We found that winning the BuyBox is primarily determined by competitive pricing—being the lowest‐price seller for a 180‐day period significantly improves the chances of a BuyBox assignment. Furthermore, maintaining low current product prices, low sales ranks, and minimal out‐of‐stock percentages are crucial in becoming a BuyBox seller. These findings affect Amazon and its extensive network of over 2 million third‐party sellers, who navigate the increasingly competitive and dynamic E‐commerce landscape.
{"title":"An Empirical Examination of BuyBox Assignments in Online Grocery Retail","authors":"Chinonso E. Etumnu, Trey Malone","doi":"10.1002/agr.21978","DOIUrl":"https://doi.org/10.1002/agr.21978","url":null,"abstract":"In Amazon's marketplaces across the globe, multiple sellers sell the same product, leading Amazon to introduce BuyBox. This box‐like feature, located on the top‐right corner of product pages, prominently displays a single seller at a given time. Using a choice model and a panel dataset of over 290,000 unique grocery products from five countries, our study investigates the key factors that influence BuyBox assignments. We found that winning the BuyBox is primarily determined by competitive pricing—being the lowest‐price seller for a 180‐day period significantly improves the chances of a BuyBox assignment. Furthermore, maintaining low current product prices, low sales ranks, and minimal out‐of‐stock percentages are crucial in becoming a BuyBox seller. These findings affect Amazon and its extensive network of over 2 million third‐party sellers, who navigate the increasingly competitive and dynamic E‐commerce landscape.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"22 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142269928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study introduces a sophisticated model for evaluating bargaining power within the agricultural production service market, using data from China's Land Economy Survey and the bilateral stochastic frontier model. The findings indicate: (1) Suppliers elevate prices by 26.77% above the benchmark, while demanders reduce them by 24.36%, culminating in a market price that surpasses the benchmark. (2) Labor outflow and aging populations drive suppliers to further increase market prices. (3) Variations in individual characteristics underpin the disparity in bargaining power between suppliers and demanders. The study underscores the disadvantaged and heterogeneous nature of farmers (demanders), advocating for a recalibration of subsidy distribution to benefit farmers directly, rather than agricultural production service organizations, and the establishment of differentiated subsidy systems.
{"title":"Who Is a Better Bargainer?","authors":"Linling Geng","doi":"10.1002/agr.21980","DOIUrl":"https://doi.org/10.1002/agr.21980","url":null,"abstract":"This study introduces a sophisticated model for evaluating bargaining power within the agricultural production service market, using data from China's Land Economy Survey and the bilateral stochastic frontier model. The findings indicate: (1) Suppliers elevate prices by 26.77% above the benchmark, while demanders reduce them by 24.36%, culminating in a market price that surpasses the benchmark. (2) Labor outflow and aging populations drive suppliers to further increase market prices. (3) Variations in individual characteristics underpin the disparity in bargaining power between suppliers and demanders. The study underscores the disadvantaged and heterogeneous nature of farmers (demanders), advocating for a recalibration of subsidy distribution to benefit farmers directly, rather than agricultural production service organizations, and the establishment of differentiated subsidy systems.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"43 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142260167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Marcelo Dias Paes Ferreira, Andre Rozemberg Peixoto Simões, Lindomar Pegorini Daniel, Charles Frederick Nicholson
The objective of this study was to evaluate differences in the technical efficiency of alternative milk production systems on Brazilian farms. Using a panel from 2014 to 2021 (1117 observations of 383 dairy farms) we compare the technical efficiency of more recently adopted Compost‐bedded Pack Barns (CPB) with that of Semi‐confinement (SC), and Unstructured confinement (UNS) systems. A stochastic frontier was estimated by a Generalized True Random Effects to assess the relationship between technical efficiency and the production systems adopted, decompose efficiency into Transient (short‐term) and Persistent (long‐term) components, and control for unobserved heterogeneity. We found that farms using confined systems are more efficient than those using semi‐confined systems. The decomposition of the Overall Technical Efficiency in its Persistent and Transient components suggests that farmers can be more efficient when dealing with short‐term shocks than when deciding which system to use. The use of more capital‐intensive technologies such as CPB may provide opportunities to improve dairy farm profitability and productivity growth in Brazil.
{"title":"Assessing the Impacts of Compost‐Bedded Pack Barns on the Productive Efficiency of Brazilian Dairy Farms","authors":"Marcelo Dias Paes Ferreira, Andre Rozemberg Peixoto Simões, Lindomar Pegorini Daniel, Charles Frederick Nicholson","doi":"10.1002/agr.21979","DOIUrl":"https://doi.org/10.1002/agr.21979","url":null,"abstract":"The objective of this study was to evaluate differences in the technical efficiency of alternative milk production systems on Brazilian farms. Using a panel from 2014 to 2021 (1117 observations of 383 dairy farms) we compare the technical efficiency of more recently adopted Compost‐bedded Pack Barns (CPB) with that of Semi‐confinement (SC), and Unstructured confinement (UNS) systems. A stochastic frontier was estimated by a Generalized True Random Effects to assess the relationship between technical efficiency and the production systems adopted, decompose efficiency into Transient (short‐term) and Persistent (long‐term) components, and control for unobserved heterogeneity. We found that farms using confined systems are more efficient than those using semi‐confined systems. The decomposition of the Overall Technical Efficiency in its Persistent and Transient components suggests that farmers can be more efficient when dealing with short‐term shocks than when deciding which system to use. The use of more capital‐intensive technologies such as CPB may provide opportunities to improve dairy farm profitability and productivity growth in Brazil.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"118 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142260168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Marius Michels, Cord‐Friedrich von Hobe, Miryam Sarah Merk, Thomas Kneib, Oliver Musshoff
This study explores the rent price ratio in agricultural land markets, crucial for evaluating market efficiency, policy needs, and farmer decision‐making. Traditionally, the analyses faced challenges due to the absence of concurrent sale and rent data for the same land, potentially leading to biased results. This research avoids this problem by utilizing a unique dataset from Eastern Germany, encompassing auction data from 2016 to 2019. This dataset is distinctive, containing both the purchase and lease price offers by individual farmers for the same agricultural land at a single point. Thus, this study overcomes the conventional limitations of using aggregated or non‐contemporaneous data. Hence, the focal point is to unravel the intricate relationship between individual rent price ratios and a myriad of influencing factors, including land characteristics and local farming structures. The use of Generalized Additive Models for Location, Shape, and Scale provides a robust framework for this analysis, offering a nuanced understanding of the distributional properties of individual rent price ratios. The study provides robust empirical evidence that highlights the need for adaptive and region‐specific policies if policy makers insist on intervening in the agricultural land market. Furthermore, promising points of departure for future research are identified. [EconLit Citation: Q15].
{"title":"Analyzing individual rent price ratios in eastern German agricultural land markets: A GAMLSS approach","authors":"Marius Michels, Cord‐Friedrich von Hobe, Miryam Sarah Merk, Thomas Kneib, Oliver Musshoff","doi":"10.1002/agr.21976","DOIUrl":"https://doi.org/10.1002/agr.21976","url":null,"abstract":"This study explores the rent price ratio in agricultural land markets, crucial for evaluating market efficiency, policy needs, and farmer decision‐making. Traditionally, the analyses faced challenges due to the absence of concurrent sale and rent data for the same land, potentially leading to biased results. This research avoids this problem by utilizing a unique dataset from Eastern Germany, encompassing auction data from 2016 to 2019. This dataset is distinctive, containing both the purchase and lease price offers by individual farmers for the same agricultural land at a single point. Thus, this study overcomes the conventional limitations of using aggregated or non‐contemporaneous data. Hence, the focal point is to unravel the intricate relationship between individual rent price ratios and a myriad of influencing factors, including land characteristics and local farming structures. The use of Generalized Additive Models for Location, Shape, and Scale provides a robust framework for this analysis, offering a nuanced understanding of the distributional properties of individual rent price ratios. The study provides robust empirical evidence that highlights the need for adaptive and region‐specific policies if policy makers insist on intervening in the agricultural land market. Furthermore, promising points of departure for future research are identified. [EconLit Citation: Q15].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":"14 1","pages":""},"PeriodicalIF":3.2,"publicationDate":"2024-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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