The factors influencing the profitability of leased land on dairy farms in Ireland

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dc.contributor.authorBradfield, Tracy
dc.contributor.authorButler, Robert
dc.contributor.authorDillon, Emma J.
dc.contributor.authorHennessy, Thia
dc.contributor.funderTeagascen
dc.date.accessioned2020-04-28T09:15:05Z
dc.date.available2020-04-28T09:15:05Z
dc.date.issued2020-04-10
dc.date.updated2020-04-28T09:01:43Z
dc.description.abstractThe Republic of Ireland possesses a land market that is constrained by minimal sales each year, less than 1%. In an effort to capitalise on milk quota abolition and to increase dairy production, a suite of tax incentives has recently been introduced in the Republic of Ireland to encourage land mobility and long-term leasing among Irish dairy farmers. Using Irish Farm Accountancy Database Network (FADN) data from 2011–2017 to examine this, a Heckman sample selection model explores two aspects; (i) the factors that influence a farmer’s decision to rent, or continue renting, land and (ii) the profitability of dairy farmers renting in land. We find self-selection into the rental market is driven by farm traits that include a high level of hired labour, the presence of a successor, intensive farming practices and dairy discussion group membership. The results show that rental agreements assist farms in achieving economies of scale. The findings provide evidence to support government intervention such as tax incentives for renting out land and knowledge sharing discussion groups.en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.articleid104649en
dc.identifier.citationBradfield, T., Butler, R., Dillon, E. J. and Hennessy, T. (2020) 'The factors influencing the profitability of leased land on dairy farms in Ireland', Land Use Policy, 95, 104649 (10 pp). doi: 10.1016/j.landusepol.2020.104649en
dc.identifier.doi10.1016/j.landusepol.2020.104649en
dc.identifier.endpage10en
dc.identifier.issn0264-8377
dc.identifier.journaltitleLand Use Policyen
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/9877
dc.identifier.volume95en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S0264837719315340
dc.rights© 2020 Elsevier Ltd. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 license.en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectAgricultural rented landen
dc.subjectDairyen
dc.subjectLand policyen
dc.subjectPerformanceen
dc.titleThe factors influencing the profitability of leased land on dairy farms in Irelanden
dc.typeArticle (peer-reviewed)en
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