# **<u>Appendix table 11: Sales price regressions for agricultural land after January 2024</u>**

||<br>**All tran**<br>**Commercial**|<br>**sactions**<br>**Personal**|<br>**With registry**<br>**Commercial**|<br>**information**<br>**Commercial**|**With tenant**<br>**Commercial**|**characteristics**<br>**Commercial**|
|---|---|---|---|---|---|---|
|Area (ha)<br>|0.0944***<br>(0.0037)<br>|-0.1864***<br>(0.0080)<br>|0.2746***<br>(0.0088)<br>|0.2484***<br>(0.0090)<br>|0.1894***<br>(0.0086)<br>|0.3439***<br>(0.0158)<br>|
|Area^2|-0.0210***|0.0700***|-0.0871***|-0.0852***|-0.0559***|-0.1083***|
||(0.0025)|(0.0033)|(0.0075)|(0.0075)|(0.0063)|(0.0129)|
|Buyer is legal entity|0.2687***<br>|0.4154***<br>|0.2145***<br>|0.2697***<br>|||
||(0.0058)|(0.0169)|(0.0165)|(0.0222)|||
|# transactions in village|<br>-0.0127***<br>|<br>-0.0237***<br>|<br>-0.0291***<br>|<br>-0.0324***<br>|0.0038<br>|-0.0523***<br>|
||(0.0028)<br>|(0.0061)<br>|(0.0084)|(0.0084)|(0.0080)|(0.0179)|
|Parcel part of a field|-0.0532***|-0.1149***|||||
||(0.0120)|(0.0169)|||||
|Field area (ha)|<br>-0.0051|<br>-0.0060||0.0266**|-0.0090|0.0152|
||(0.0056)|(0.0062)||(0.0107)|(0.0093)|(0.0290)|
|Field area^2|0.0054***<br>|0.0112***<br>||0.0011<br>|0.0036**<br>|-0.0001<br>|
||(0.0008)|(0.0012)||(0.0015)|(0.0016)|(0.0040)|
|Unmapped area share|<br>-0.4206***<br>|<br>-0.0148<br>||<br>-0.4570***<br>|<br>-0.3025***<br>|<br>0.1545<br>|
||(0.0373)|(0.0536)||(0.1086)<br>|(0.1099)|(0.2026)<br>|
|<1% of area unregistered||||0.0298*||-0.0050|
|||||(0.0164)||(0.0268)|
|1-10% of area unregistered||||<br>0.0089||<br>-0.0263|
|||||(0.0146)||(0.0239)|
|>10% of area unregistered||||-0.0773***||-0.0944**|
|||||(0.0201)||(0.0375)|
|Owner area <1%||||<br>0.0026||<br>0.1030***|
|||||(0.0216)<br>||(0.0358)<br>|
|Owner area 1-10%||||-0.0110<br>(00126)||0.0045<br>(00221)|
|Owner area >10%||||.<br>-0.0009||.<br>0.0967*|
|||||(0.0274)||(0.0518)|
|Largest user's cult. area share||||<br>0.1550***||<br>0.3306***|
|||||(0.0354)||(0.0654)|
|Buyer is the largest user in field||||<br>-0.1028***||<br>-0.1227***|
|||||(0.0254)||(0.0366)|
|>5 registered users||||<br>0.0307||<br>0.0120|
|||||(0.0208)||(0.0385)|
|Buyer's area (ha)|||||-0.0668***|<br>-0.0566|
||||||(0.0095)|(0.0810)|
|Buyer's area^2|||||<br>0.0148***|<br>0.0215**|
||||||(0.0014)|(0.0084)|
|Buyer uses <33% of village land|||||-0.2090***|-0.2691*|
||||||(0.0348)|(0.1456)|
|Buyer uses 33-50% of village|||||<br>-0.2957***|<br>-0.2200|
|land|||||||
||||||(0.0384)|(0.1565)|
|B >50% f ill ld|||||<br>03105***|<br>03289**|
|uyer uses o vage an|||||-.|-.|
||||||(0.0377)|(0.1554)|
|Dist. to tertiary road (km)|-0.0108***|-0.0095**|0.0065|0.0029|<br>-0.0208***|<br>-0.0071|
||(0.0023)|(0.0047)|(0.0059)|(0.0059)|(0.0054)|(0.0103)|
|Dist. to secondary road (km)|-0.0022|-0.0166***|0.0214***|0.0176***|0.0030|0.0219*|
||(0.0024)|(0.0053)|(0.0065)|(0.0065)|(0.0063)|(0.0116)|
|Dist to primary road (km)|-00152***|-00345***|-00358***|-00373***|-00341***|-00459***|
|.|.<br>(0.0027)|.<br>(0.0055)|.<br>(0.0073)|.<br>(0.0073)|.<br>(0.0072)|.<br>(0.0162)|
|Dist. to motorway (km)|<br>-0.0068**|<br>-0.0256***|<br>0.0091|<br>0.0057|<br>-0.0018|<br>-0.0420*|
||(0.0033)|(0.0068)|(0.0112)|(0.0111)|(0.0112)|(0.0233)|
|Dist. to railway (km)|<br>-0.0062**|<br>-0.0139**|<br>-0.0004|<br>0.0019|<br>-0.0071|<br>0.0045|
||(0.0029)|(0.0060)|(0.0084)|(0.0083)|(0.0080)|(0.0206)|
|Dist. to port (km)|<br>0.0396|<br>0.0683|<br>-0.3182|<br>-0.3219|<br>0.1210|<br>-1.3476**|
||(0.0423)|(0.1152)|(0.2620)|(0.2594)|(0.2009)|(0.5469)|
|Dist to elevator (km)|00018|-00268**|-00072|-00092|00190|-00072|
|.|.<br>(0.0049)|.<br>(0.0105)|.<br>(0.0134)|.<br>(0.0133)|.<br>(0.0137)|.<br>(0.0285)|

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