On Thu, 26 Dec 2002 12:56:07 +0000, Tim Lamb
wrote:

In article , Torsten Brinch
writes
In the UK, there
actually has been conspicuously large increases in land value, and
conspicuously highly correlated, in almost perfect tune with the
McSharry reform.

Hmm.. again, these figures from John Nix (2002) bare land and over 2ha,

'87,£3955; '88, £5040; '89, £5620; '90, £7885; '91, £4800; '92, £3970;

'93, £4320; '94, £4940; '95, £5960; '96, £6780; '97, £7520; '98, £5905;

'99, £6240; '00, £6575;

I am not sure that the peak during '96/97 should be blamed on CAP re-
structuring.

You mean, the correlation is coincidental?

What caused the '90 one?

Transcription or printing error, possibly. (It is obviously an outlier
in the data set, and is not corroborated by any other data set I've
seen.)

..

Subsidy is paid to the person farming the land and may have become
factored into rents.

I agree, we cannot exclude the possibility that it has.