About Factor Markets
Well functioning factor markets are a crucial condition for the competitiveness and growth of agriculture and for rural development. At the same time, the functioning of the factor markets themselves are influenced by changes in agriculture and the rural economy. Such changes can be the result of technological change, of globalisation and European market integration, of changing consumer preferences, and of changes in policy. In particular changes in the Common Agricultural Policy (CAP) in the recent decade have affected the rural factor markets.
The FACTOR MARKETS consortium is composed of 17 research institutes from EU-27 with proven track records from 13 countries comprising of Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Poland, Slovakia, Slovenia, Sweden and the United Kingdom. The Consortium consists of leading experts in the field of agricultural economics with highly extensive knowledge on the key aspects (policy and implementation; land, labor and capital markets; theory and methodology; empirical analysis) at the EU level and the Member States' level.
The general objective of the FACTOR MARKETS project is to analyze the functioning of factor markets for agriculture in the EU-27, including the Candidate Countries. The FACTOR MARKETS project compares the different markets, their institutional framework and their impact on agricultural development and structural change, as well as their impact on rural economies, for the Member States, Candidate Countries and the EU as a whole. The FACTOR MARKETS project focuses on Capital, Labor and Land markets.