# **<u>Appendix table 9: Sales price regressions for agricultural land</u>**

||<br>**By type**<br>**Commercial**|<br>**of land**<br>**Personal**|**With registr**|**y information**<br>**Com**|**With tenant**<br>**mercial**|**characteristics**|
|---|---|---|---|---|---|---|
|Area (ha)|0.1081***|-0.2159***|0.2584***|0.2377***|0.1897***|0.3439***|
||(00022)|(00046)|(00052)|(00054)|(00086)|(00158)|
|Area^2|.<br>-0.0241***|.<br>0.0563***|.<br>-0.0946***|.<br>-0.0911***|.<br>-0.0554***|.<br>-0.1083***|
||(0.0015)|(0.0019)|(0.0043)|(0.0042)|(0.0063)|(0.0129)|
|Buyer is legal entity|0.2607***<br>|0.4668***<br>|0.2095***<br>|0.2685***<br>|||
||(0.0051)|(0.0136)|(0.0131)|(0.0198)|||
|# transactions in village|<br>-0.0121***|<br>-0.0427***|<br>-0.0073*|<br>-0.0107**|0.0043|-0.0523***|
||(0.0015)<br>|(0.0029)<br>|(0.0042)|(0.0042)|(0.0080)|(0.0179)|
|Parcel part of a field|-0.0506***|-0.1418***|||||
||(0.0071)|(0.0087)|||||
|Field area (ha)|<br>-0.0034|<br>-0.0063***||0.0269***|-0.0088|0.0152|
||(0.0028)|(0.0024)||(0.0075)|(0.0093)|(0.0290)|
|Field area^2|0.0050***<br>(0.0004)|0.0096***<br>(0.0005)||0.0011<br>(0.0011)|0.0036**<br>(0.0016)|-0.0001<br>(0.0040)|
|Unmapped area share|<br>-0.3055***|<br>-0.0351||<br>-0.1825***|<br>-0.3038***|<br>0.1545|
||(0.0197)|(0.0236)||(0.0649)|(0.1099)|(0.2026)|
|<1% of area unregistered||||<br>0.0045||<br>-0.0050|
|||||(0.0097)||(0.0268)|
|1-10% of area unregistered||||<br>-0.0003||<br>-0.0263|
|||||(0.0086)||(0.0239)|
|>10% of area unregistered||||-0.0631***||-0.0944**|
|||||(0.0117)||(0.0375)|
|Owner area <1%||||<br>-0.0122||<br>0.1030***|
|||||(00136)||(00358)|
|Owner area 1-10%||||.<br>-0.0189**<br>(00076)||.<br>0.0045<br>(00221)|
|Owner area >10%||||.<br>-0.0091||.<br>0.0967*|
|||||(0.0156)||(0.0518)|
|Largest user's cult. area share||||<br>0.2054***||<br>0.3306***|
|||||(0.0203)||(0.0654)|
|Buyer is the largest user in field||||-0.0987***||-0.1227***|
|||||(0.0227)||(0.0366)|
|>5 registered users||||<br>0.0120||<br>0.0120|
|||||(0.0121)||(0.0385)|
|Buyer's area (ha)|||||-0.0667***|<br>-0.0566|
||||||(0.0095)|(0.0810)|
|Buyer's area^2|||||<br>0.0147***|<br>0.0215**|
||||||(0.0014)|(0.0084)|
|Buyer uses <33% of village land|||||-0.2075***|-0.2691*|
||||||(0.0348)|(0.1456)|
|Buyer uses 33-50% of village|||||<br>-0.2922***|<br>-0.2200|
|land|||||||
||||||(0.0384)|(0.1565)|
|Buyer uses >50% of village land|||||<br>-0.3082***|<br>-0.3289**|
||||||(0.0377)|(0.1554)|
|Dist. to tertiary road (km)|-0.0132***|-0.0243***|-0.0011|-0.0042|<br>-0.0206***|<br>-0.0071|
||(0.0013)|(0.0025)|(0.0034)|(0.0034)|(0.0054)|(0.0103)|
|Dist. to secondary road (km)|0.0011|-0.0185***|0.0064*|0.0031|0.0034|0.0219*|
||(0.0014)|(0.0028)|(0.0039)|(0.0038)|(0.0063)|(0.0116)|
|Dist. to primary road (km)|-0.0117***<br>(0.0015)|-0.0251***<br>(0.0030)|-0.0092**<br>(0.0043)|-0.0107**<br>(0.0042)|-0.0346***<br>(0.0072)|-0.0459***<br>(0.0162)|
|Dist. to motorway (km)|<br>-0.0085***|<br>-0.0171***|<br>0.0123*|<br>0.0084|<br>-0.0016|<br>-0.0420*|
||(0.0019)|(0.0037)|(0.0063)|(0.0063)|(0.0112)|(0.0233)|
|Dist. to railway (km)|<br>-0.0118***|<br>-0.0055*|<br>-0.0036|<br>-0.0008|<br>-0.0068|<br>0.0045|
||(0.0017)|(0.0033)|(0.0047)|(0.0047)|(0.0080)|(0.0206)|
|Dist. to port (km)|<br>0.0534**|<br>0.0938*|<br>-0.1666|<br>-0.2334|<br>0.1315|<br>-1.3476**|
||(0.0224)|(0.0515)|(0.1474)|(0.1461)|(0.2009)|(0.5469)|
|Dist to elevator (km)|-00070**|-00275***|-00157**|-00199***|00191|-00072|
|.|.<br>(0.0028)|.<br>(0.0056)|.<br>(0.0078)|.<br>(0.0077)|.<br>(0.0137)|.<br>(0.0285)|

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