2018 Volume 35 Issue 2 Pages 29-38
Regional government supported institutions has been established in each prefecture as a reliable intermediary manager of farmlands to accelerate farmland to business farmers in 2014 in Japan. The institutions (1)rent farmlands, (2)improve infrastructure if necessary, (3)lease the land to business farmers. This paper provides a case study of the institution in Yamagata Prefecture. The first purpose of this study is to clarify the impact of the institution toward farmland markets. The second purpose is to consider transaction costs changes. The research was conducted in H② town, Yamagata Prefecture. The clarification of this paper is as follows: (1) Farmland markets is remains local market. (2) Transaction costs for land owners and renter farmers did not have dropped under the institution’s intermediary. (3) Farmland owner who have given up faming renewed their rent contract through the institutions. As a result, the institutions mediated to business farmers successfully on the surface.
