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โครงการหนังสืออิเล็กทรอนิกส์ด้านการเกษตร เฉลิมพระเกียรติพระบาทสมเด็จพระเจ้าอยู่หัว

ABSTRACT

Several studies have shown that land rental market can be used as a tool to

reduce landholding inequality and poverty facing smallholders. The findings from this

study are consistent with those of other research that studies the impact of land-rental
market on household’s welfare in several countries. The land rental market successfully

facilitates the allocation of land use from a land-abundant but less-able household to a

land-constrained but more-able household in rural Thailand. The result indicates that a
rent-in household owns only 14.46 rai of farmland while renting in as much as 28.67 rai.

A rent-out household’s landholding is about 50.74 rai which is rented out as much as 20

rai. Key factors determining household’s land market participation include farming ability,
number of household members, age of household head, and farm income in previous

year. Renting in an additional land can raise household’s net farm income by as much as

1,161 baht per rai or 18,292 baht per household. The accumulation of farm assets,
however, only has a marginal impact on farm income because most of them are light

machinery. Despite its significant role in raising net income from nonfarm activities, the

number of household’s adult equivalent does not affect net farm income. The
government should promote a land-rental market to raise farm income and to alleviate

land constraint in agricultural sector. An efficient land market requires low transaction

costs which could be achieved through the development of Land Bank Project and the
improvement of information and communications technology in the land market.

Key Words: Land rental market, farm productivity, net farm income, Townsend Thai Data