Table 1 Descriptive statistics (N = 3,539)
From: Understanding agricultural land leasing in Ireland: a transaction cost approach
Variable | Mean | Std. Dev | Min | Max |
|---|---|---|---|---|
Annual rent | 7,538.05 | 9,690.02 | 0 | 100,000 |
Duration (Months) | 90.26 | 83.84 | 5 | 1,450 |
Leased land (Per Parcel) | 21.83 | 32.50 | 0.2 | 1,195 |
Type of agricultural activity | Pasture (65.44%); tillage (33.40%); forestry (1.16%) | |||
County | Carlow (6.21%); Galway (19.56%); Kilkenny (19.73%); Mayo (13.20%); Roscommon (7.50%); Waterford (17.22%); Wexford (16.59%) | |||
Break clause | No = 95.41%; Yes = 4.59% | |||
Payment frequency | Annual (41.76%); biannual (37.74%); one instalment (0.55%); monthly (5.85%); other (14.36%) | |||
Tenant type | Individual tenant (75.46%); organization (24.54%) | |||
Rent review | No = 83.7%; Yes = 16.3% | |||
Notice period | No = 97.09%; Yes = 2.91% | |||