PODCAST: Land Prices Heading Skyward? An Analysis of Farmland Values in Tanzania
May 10, 2018 - Author: Thomas Jayne and Ayala Wineman
The Journal Applied Economics Perspectives and Policy (AEPP) released a podcast interview of Thomas Jayne and Ayala Wineman, based on their recently featured article “Land Prices Heading Skyward? An Analysis of Farmland Values in Tanzania,” Volume 40, Issue 2 (May 2018), 187-214
Land markets are developing rapidly in Africa, though there remains a dearth of analysis regarding the direction and correlates of land prices and their implications for public policy in the region. This paper examines trends in land values and the factors influencing these trends in Tanzania. Real land prices rose significantly between 2009 and 2013 by 5.67% per year. A hedonic analysis of land values suggests that improved incentives for farming, urbanization and rising population density, and improved tenure security are possible drivers of rising land prices. We conclude by considering the potential policy implications arising from this work.