**<u>Appendix table 7: Lease price regressions for agricultural land for personal use</u>**

||<br>**All tran**|<br>**sactions**|<br>**With contr**|<br>**act duration**|**With**<br>**charac**|**tenant**<br>**teristics**|**Tenant**<br>**contrac**|**details &**<br>**t duration**|
|---|---|---|---|---|---|---|---|---|
|Area (ha)|-0.007**|-0.017***|-0.006**|-0.017***|0.030***|0.021***|<br>0.030***|<br>0.022***|
||(0003)|(0003)|(0003)|(0003)|(0003)|(0004)|(0004)|(0004)|
|Area^2|.<br>-0.006**|.<br>-0.009***|.<br>-0.002|.<br>-0.005*|.<br>0.003|.<br>0.002|.<br>0.006**|.<br>0.005*|
||(0.003)|(0.003)|(0.003)|(0.003)|(0.003)|(0.003)|(0.003)|(0.003)|
|Moratorium lifted|0.193***<br>|0.192***<br>|0.141***<br>|0.140***<br>|0.222***<br>|0.221***<br>|0.183***<br>|0.182***<br>|
||(0.005)|(0.005)|(0.006)|(0.006)|(0.007)|(0.007)|(0.008)|(0.008)|
|Legal entity (renter)|0.331***|0.316***|0.360***|0.344***|||||
||(0009)|(0009)|(0009)|(0009)|||||
|Legal entity * 2024|.<br>0.028|.<br>0.028|.<br>0.004|.<br>0.004|||||
||(0.018)|(0.018)|(0.019)|(0.019)|||||
|# transactions|<br>0.036***|<br>0.030***|<br>0.031***|<br>0.026***|0.040***|0.036***|0.038***|0.034***|
|in village|(0.002)|(0.002)|(0.002)|(0.002)|(0.002)|(0.002)|(0.002)|(0.002)|
|Parcel part of field||-0.009||-0.008||0.033***||0.026***|
|||<br>(0.007)||<br>(0.007)||<br>(0.009)||<br>(0.009)|
|Field area (ha)||<br>-0.001||<br>-0.001||<br>-0.005*||<br>-0.002|
|||(0.002)||(0.002)||(0.003)||(0.003)|
|Field area^2||<br>0.006***||<br>0.006***||<br>0.004***||<br>0.004***|
|||(0.000)||(0.000)||(0.001)||(0.001)|
|Unmapped area||<br>-0.086***||<br>-0.091***||<br>-0.099***||<br>-0.095***|
|share in field||(0.017)||(0.017)||(0.020)||(0.021)|
|Lease term 14-20|||0.028***|0.024***|||-0.058***|-0.059***|
|years|||(0.006)|(0.006)|||(0.007)|(0.007)|
|<br>Lease term > 20|||<br>-0.279***|<br>-0.281***|||<br>-0.297***|<br>-0.298***|
|Years|||(0.006)|(0.006)|||(0.008)|(0.008)|
|<br>Tenant's cult.|||||-0.011**|-0.010**|<br>-0.008*|<br>-0.006|
|area (ha)<br>|||||(0.004)<br>|(0.004)<br>|(0.004)<br>|(0.004)<br>|
|Tenant's area^2|||||0.010***|0.010***|0.010***|0.010***|
||||||(0.001)|(0.001)|(0.001)|(0.001)|
|Tenant uses <33%|||||-0.070***|-0.071***|-0.068***|-0.069***|
|<br>of village land|||||<br>(0.008)|<br>(0.008)|<br>(0.008)|<br>(0.008)|
|<br>Tt 3350%|||||<br>0040***|<br>0044***|<br>0031***|<br>0035***|
|enan uses -<br>of village land|||||-.<br>(0.010)|-.<br>(0.010)|-.<br>(0.011)|-.<br>(0.011)|
|<br>Tenant uses >50%|||||<br>-0.036***|<br>-0.042***|<br>-0.031***|<br>-0.038***|
|of villae land|||||(0011)|(0011)|(0011)|(0011)|
|g<br>Dist. to tertiary|-0.014***|-0.019***|-0.015***|-0.020***|.<br>-0.019***|.<br>-0.022***|.<br>-0.020***|.<br>-0.023***|
|<br>road (km)<br>Dist. to secondary|(0.002)<br>-0.009***|(0.002)<br>-0.011***|(0.002)<br>-0.008***|(0.002)<br>-0.011***|(0.002)<br>-0.028***|(0.002)<br>-0.030***|(0.002)<br>-0.026***|(0.002)<br>-0.028***|
|<br>road (km)|<br>(0.002)|<br>(0.002)|<br>(0.002)|<br>(0.002)|<br>(0.002)|<br>(0.002)|<br>(0.003)|<br>(0.003)|
|<br>Dist. to primary<br>|<br>0.006**<br>|<br>0.005**<br>|<br>0.009***<br>|<br>0.008***<br>|<br>0.016***<br>|<br>0.015***<br>|<br>0.020***<br>|<br>0.019***<br>|
|road (km)<br>|(0.002)<br>***|(0.002)<br>***|(0.002)<br>***|(0.002)<br>***|(0.003)<br>***|(0.003)<br>***|(0.003)<br>***|(0.003)<br>***|
|Dist. to motorway (km)|-0.029|-0.027|-0.025|-0.023|-0.044|-0.043|-0.042|-0.042|
||(0.003)<br>|(0.003)<br>|(0.003)<br>|(0.003)<br>|(0.004)<br>|(0.004)<br>|(0.004)<br>|(0.004)<br>|
|Dist. to railway (km)|0.012***|0.011***|0.015***|0.014***|0.024***|0.024***|0.027***|0.026***|
||(0.002)|(0.002)|(0.002)|(0.002)|(0.003)|(0.003)|(0.003)|(0.003)|
|Dist to port (km)|0208***|0226***|0258***|0278***|0209***|0222***|0320***|0335***|
|.|.<br>(0.041)|.<br>(0.041)|.<br>(0.042)|.<br>(0.042)|.<br>(0.051)|.<br>(0.051)|.<br>(0.053)|.<br>(0.053)|
|Dist to elevator (km)|-0045***|-0045***|-0044***|-0044***|-0042***|-0042***|-0042***|-0042***|
|.|.<br>(0.004)|.<br>(0.004)|.<br>(0.004)|.<br>(0.004)|.<br>(0.005)|.<br>(0.005)|.<br>(0.005)|.<br>(0.005)|
|Dist. to nearest city (km)|<br>-0.134***|<br>-0.131***|<br>-0.148***|<br>-0.145***|<br>-0.134***|<br>-0.132***|<br>-0.139***|<br>-0.136***|
||(0.008)<br>|(0.008)<br>|(0.008)<br>|(0.008)<br>|(0.011)<br>|(0.011)<br>|(0.011)<br>|(0.011)<br>|
|Share built-up area|0.501***<br>(0.072)|0.494***<br>(0.072)|0.510***<br>(0.074)|0.504***<br>(0.073)|0.446***<br>(0.092)|0.446***<br>(0.092)|0.503***<br>(0.093)|0.502***<br>(0.093)|
|Share cultivated area|0.303***|0.264***|0.331***|0.291***|0.398***|0.368***|0.407***|0.376***|
||<br>(0.029)|<br>(0.029)|<br>(0.029)|<br>(0.029)|<br>(0.035)|<br>(0.035)|<br>(0.035)|<br>(0.035)|
|Share forested area|<br>0139***|<br>0146***|<br>0157***|<br>0165***|<br>0179***|<br>0198***|<br>0184***|<br>0201***|
||.<br>(0.034)|.<br>(0.034)|.<br>(0.034)|.<br>(0.034)|.<br>(0.040)|.<br>(0.040)|.<br>(0.041)|.<br>(0.041)|
|Share grassland|<br>0.155***|<br>0.151***|<br>0.175***|<br>0.171***|<br>0.251***|<br>0.246***|<br>0.258***|<br>0.253***|
||(0029)|(0029)|(0030)|(0030)|(0035)|(0035)|(0035)|(0035)|
|Soil bulk density|.<br>1.140|.<br>1.094|.<br>2.092**|.<br>2.037**|.<br>-1.836*|.<br>-1.929*|.<br>-1.086|.<br>-1.170|

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