Munich Personal RePEc Archive

Land Acquisition and Compensation Policy for Development Activity

Dinda, Soumyananda (2015): Land Acquisition and Compensation Policy for Development Activity. Published in: Journal of Land and Rural Studies , Vol. 4, No. 1 (January 2016): pp. 111-118.

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Abstract

Development policy focuses on creation of economic opportunities that increase the demand for transferring land from primary to secondary activities. Market mechanism is sufficient argument of distributive justice, but it ignores the income security. Agricultural land owners are heterogeneous in terms of risk preferences, skill, and perception of future development benefits. Farming skills are non-transferable, so, role of compensation should incorporate their concern for financial security and time preference. Alternative form of non-cash compensation is required to cater this diversity.

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