Download or read book An Econometric Analysis of Farmland Values in Western Canada written by Robert Gilmore Roehle and published by . This book was released on 1971 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest for this research was initiated by the threefold increase witnessed in rural land values since the early 1950's. Society in general and farmers, mortgage lenders, tax assessors and public policy makers in particular are concerned with these price increases because of their economic, social and political implications. The major objective of this study was to identify the more important factors influencing farmland prices, develop a methodology to measure their individual effect on market value and, if possible, project future land prices for alternative values of these determining variables. Before hypotheses concerning sources of price variation were generated or functional relationships specified, familiarization with the nature and structural characteristics of the farmland market itself was accomplished by personal observation of the market in operation, discussions with participants (buyers and sellers) and a fairly exhaustive review of major studies on land values in both the United States and Canada. Two econometric models of the farmland market were subsequently formulated -- a cross sectional or static model- and a time series or dynamic model. Four basic hypotheses were tested -- the market value of farmland is positively related, to (a) soil productivity, (b) expected net farm income from land, (c) long term farm credit availability and (d) technological advance in the agricultural industry. Land value data for the empirical analysis were obtained from two independent sources -- (a) Manitoba Crop District 3 and 10 sales data (1958 - 1970) and (b) D.B.S. estimates of the average annual "value per acre of occupied land" for each of Manitoba, Saskatchewan and Alberta. (1928 - 1969) Both models were fitted. to the economic data by ordinary least-squares linear regression ...
Download or read book An Econometric Analysis of Farmland Values in Western Canada written by Robert Gilmore Roehle and published by 1971 [c1972]. This book was released on 1971 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest for this research was initiated by the threefold increase witnessed in rural land values since the early 1950's. Society in general and farmers, mortgage lenders, tax assessors and public policy makers in particular are concerned with these price increases because of their economic, social and political implications. The major objective of this study was to identify the more important factors influencing farmland prices, develop a methodology to measure their individual effect on market value and, if possible, project future land prices for alternative values of these determining variables. Before hypotheses concerning sources of price variation were generated or functional relationships specified, familiarization with the nature and structural characteristics of the farmland market itself was accomplished by personal observation of the market in operation, discussions with participants (buyers and sellers) and a fairly exhaustive review of major studies on land values in both the United States and Canada. Two econometric models of the farmland market were subsequently formulated -- a cross sectional or static model- and a time series or dynamic model. Four basic hypotheses were tested -- the market value of farmland is positively related, to (a) soil productivity, (b) expected net farm income from land, (c) long term farm credit availability and (d) technological advance in the agricultural industry. Land value data for the empirical analysis were obtained from two independent sources -- (a) Manitoba Crop District 3 and 10 sales data (1958 - 1970) and (b) D.B.S. estimates of the average annual "value per acre of occupied land" for each of Manitoba, Saskatchewan and Alberta. (1928 - 1969) Both models were fitted. to the economic data by ordinary least-squares linear regression...
Download or read book Government Policy and Farmland Markets written by Charles Moss and published by John Wiley & Sons. This book was released on 2008-02-28 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of immeasurable value to lenders, agricultural economists, and a host of agribusinesses this unique volume brings together leading farmland authorities in the United States and Canada to examine the economic determinants of land value and the consequences of change in land values. As the most basic factor of production in the agricultural enterprise, farmland dominates the agricultural balance sheet, accounting for an average of 70% of all agricultural assets. The authors of this timely book provide expert analysis and review of this subject.
Download or read book An Econometric Analysis of U S Farmland Prices 1941 to 1980 written by Daniel Lee Dunn and published by . This book was released on 1983 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macro economic Influences on Alberta Farmland Values written by Michele M. Veeman and published by . This book was released on 1989 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Econometric Analysis of Canadian Grains and Oilseeds written by John Spriggs and published by . This book was released on 1981 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Econometric Analysis of the Grain livestock Economy in Canada with a Special Emphasis on Commercial Agricultural Policy written by Robert William Jolly and published by . This book was released on 1976 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Economic Evaluation of Alberta Farmland Values microform written by Dennis H. Dey and published by National Library of Canada. This book was released on 1982 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Econometric Investigation of Farmland Values in the United States written by John Everett Reynolds and published by . This book was released on 1966 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics of Rural Land Use Change written by Kevin J. Boyle and published by Taylor & Francis. This book was released on 2017-03-02 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public concern over land management has never been greater. This book provides a broad overview of the economics of rural land-use change, drawing attention to the meaningful role economic analysis can play in resolving public concern and supporting future, pro-active land management strategies in rural areas. The book's breadth distinguishes it from other recent texts, as it jointly offers rigorous treatments of theoretical and empirical models of rural land-use change and practical discussions of applications and relevant methods. Chapters are specifically designed to demonstrate the types of land-use questions economic analysis can answer, the types of methods that might be employed to answer these questions, and the types of public policy decisions that may be supported by such analysis. The book makes a significant contribution to contemporary land-use research, highlighting the key methodological and public policy issues that will be central to future research on the economics of rural land-use change.
Download or read book Stress Testing Projected Capitalized Farmland Values written by Bo Gao and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study initially presents historical trends in both the capitalized value and market value of farmland in the eight states comprising the Corn Belt and Lake States production regions as defined by the USDA. An econometric analysis of annual real cash rents per acre prior to determining the capitalized value of farmland in the eight states is then conducted. Two distributed lag models were hypothesized. The comparison of regression results of these two distributed lag models indicates that current year real cash rent can be best explained by current year real net farm income, lagged real net farm income over a period of years, and real cash rent in the previous year. A spreadsheet simulation model is used to project capitalized farmland values in each state as well as regional averages over the 2012-2015 period. These projections reflect alternative assumptions regarding future trends in real net farm income at the state level as well as the rate on 10-year constant maturity U.S. government bonds to assess the potential sensitivity of capitalized farmland values under adverse economic conditions. The projected trends in capitalized farmland values under two alternative stress scenarios reflecting higher interest rates levels and lower net farm income levels indicates that capitalized farmland values are particularly sensitive to interest rate fluctuations since cash rent expectations of landlords are based on current and lagged historical profit performance. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/148223
Download or read book Essays in Financial Econometric Investigations of Farmland Valuations written by Jin Xu and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three essays wherein tools of financial econometrics are used to study the three aspects of farmland valuation puzzle: short-term boom-bust cycles, overpricing of farmland, and inconclusive effects of direct government payments. Essay I addresses the causes of unexplained short-term boom-bust cycles in farmland values in a dynamic land pricing model (DLPM). The analysis finds that gross return rate of farmland asset decreases as the farmland asset level increases, and that the diminishing return function of farmland asset contributes to the boom-bust cycles in farmland values. Furthermore, it is mathematically proved that land values are potentially unstable under diminishing return functions. We also find that intertemporal elasticity of substitution, risk aversion, and transaction costs are important determinants of farmland asset values. Essay II examines the apparent overpricing of farmland by decomposing the forecast error variance of farmland prices into forward looking and backward looking components. The analysis finds that in the short run, the forward looking Capital Asset Pricing Model (CAPM) portion of the forecast errors are significantly higher in a boom or bust stage than in a stable stage. This shows that the farmland market absorbs economic information in a discriminative manner according to the stability of the market, and the market (and actors therein) responds to new information gradually as suggested by the theory. This helps to explain the overpricing of farmland, but this explanation works primarily in the short run. Finally, essay III investigates the duel effects of direct government payments and climate change on farmland values. This study uses a smooth coefficient semi-parametric panel data model. The analysis finds that land valuation is affected by climate change and government payments, both through discounted revenues and through effects on the risk aversion of land owners. This essay shows that including heterogeneous risk aversion is an efficient way to mitigate the impacts of misspecifications in a DLPM, and that precipitation is a good explanatory variable. In particular, precipitation affects land values in a bimodal manner, indicating that farmland prices could have multiple peaks in precipitation due to adaption through crop selection and technology alternation. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/150974
Download or read book Analysis of Increasing Farmland Values written by Haim Shalit and published by . This book was released on 1978 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Canadian Prairie Farming 1960 2000 written by L. Auer and published by . This book was released on 1989 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes the magnitude of the current financial crisis in the Prairie provinces, identifies its underlying causes, distinguishes between short- and long-run developments, examines the effectiveness of the major Prairie farm programs, and explores alternative policy options.
Download or read book Economics of Rural Land use Change written by Kathleen P. Bell and published by Ashgate Publishing, Ltd.. This book was released on 2006 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public concern over land management has never been greater. This book provides a broad overview of the economics of rural land-use change, drawing attention to the meaningful role economic analysis can play in resolving public concern and supporting futur
Download or read book Survey of Canadian Graduate Theses in Agricultural Economics and Related Disciplines 1967 to 1972 written by and published by . This book was released on 1974 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
