Forced Sales and Farmland Prices

Silke Hüttel, Simon Jetzinger and Martin Odening

Land Economics, 2014, vol. 90, issue 3

Abstract: We analyze farmland prices in the German federal state of Brandenburg from 2000 to 2011 with the aim to understand the price formation process in farmland foreclosures. Pressured sales usually result in a price discount due to time constraints; however, the land is sold using public auctions. This may lead to a price premium. Since the effect of a foreclosure on farmland prices is ambiguous, we empirically quantify the overall effect. We use matching techniques and a regression-based approach. We find that on average, price premiums are realized, though the effect depends on prevailing land market conditions.

JEL-codes: C21 Q11 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (9)

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Related works:
Working Paper: Forced Sales and Farmland Prices (2013)
Working Paper: FORCED SALES AND FARMLAND PRICES (2012)
Working Paper: Forced Sales and Farmland Prices (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:90:y:2014:iii:1:p:395-410

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