Application of Transferable Development Rights in Cultivated Land Protection in China

To analyze current policies on cultivated land protection, this article discusses the application of transferable development rights in cultivated land protection by examining the connotation, operation mechanism, and construction on the market mechanism, benefits driving forces, and expected benefits. The results suggest that economic incentives and fairness have been neglected in previous policies on cultivated land protection. Moreover, the introduction of transferable development rights can not only eliminate the imbalance of interests, but also enhance the incentives for farmers and developers. In addition, it can significantly reduce the fiscal expenditure of the government.