This study estimates the effects of land property rights on agricultural productivity in Panama. By using district-level panel data from 1990 to 2010, I find that land privatization increases rice yield in agricultural labor-intensive districts, but does not have any significant impact in non-agricultural labor-intensive districts. Then, by using household-level data, I find that households with registered land titles are more likely to obtain an agricultural loan and undertake landattached and land mobile investment.