To Buy or Lease? Farm Revival in Eastern and Central Europe

Buying, selling and mortgaging farmland
are still rare in Eastern and Central Europe. Not
surprisingly, given the level of risk in many of these
countries, short-term transactions, especially leasing, are
more common. These short-term transactions do almost as well
as land sales in allocating resources. Making them more
secure by improving simple registration and enforcement
systems and increasing public access to information on what
is for rent and at what price would do much help revive the
farm sector.