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Policy Implications and Conclusions
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The discussion in the previous chapter highlighted the potential influence of government policy on asset values and asset mobility. The capitalization of government support into asset values reduces asset mobility, mainly because new entrants into the sector and existing farmers wishing to expand are faced with higher asset prices, the cost of which may not be recuperated in the future if farm returns (including support) are lower. In addition a number of other policies, mainly in the form of tax rules and other regulations, can also reduce asset mobility. This further enhances the capitalization phenomenon because, as seen in the theoretical discussion (Chapter 2), the least mobile assets are the ones most likely to be associated with the benefits of government support. |
| Page Count | 14 |
| Starting Page | 59 |
| Ending Page | 65 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2008-05-05 |
| Access Restriction | Open |
| Subject Keyword | Agriculture and Food |
| Content Type | Text |
| Resource Type | Chapter |
