Price of Land, capitalised rent. Land itself has no value, because it is not a product of human labour. However, in capitalist society land, like anything else, is an object of purchase and sale. When selling land, its owner, in essence, sells the right to the income he receives or will receive from it. Therefore, it is evident that the owner of the land will sell it only when the money received from the sale and put into the bank or loaned will bring him, in the form of interest, a profit equal to what he would make in rent. Before paying for it, the buyer of the land will compare the sum of the rent with the interest he would have received had his money remained in the bank. Therefore, the price of the land is determined, on the one hand, by how much rent it yields and, on the other, by the rate of loan interest. Under modern capitalism, state-monopoly measures to support farm capital, particularly the artificial increase in the prices of the products of large capitalist agricultural producers, encourages higher land prices. In socialist society, land is not a commodity. According to the Constitution of the USSR, land is the common property of the entire Soviet people. The land held by collective farms is given to them for free use in perpetuity.