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 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 Farmland Prices written by Karl Gertel and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Evaluation of Econometric Models of U S Farmland Prices written by Richard D. Green and published by . This book was released on 1980 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Spatial Econometric Estimation Model for U S Farmland Values written by Yingzong Sun and published by . This book was released on 2014 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the economic problem of recent booming farmland values. An income capitalization model is estimated to conduct farmland valuations using state-level data from 1980 to 2011. Explanatory variables include expected market returns, government payments, production risk, urban influence, interest rates, and ethanol production scale. Spatial models are introduced to control for spatial dependencies on farmland values, and multiple tests are conducted to explore the most appropriate model for farmland valuation. Furthermore, the thesis offered suggestions for future researches and to provide a proposal in forecasting future farmland values according to the changes in the determining factors.
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 An Econometric Study of Contributions of Parcel Characteristics to Agricultural Land Values in Washington written by Feng Xu and published by . This book was released on 1990 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Predictive Econometric Modeling of the U S Farmland Market written by Kevin Clare Moore and published by . This book was released on 1986 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of agricultural economics research written by United States. Dept. of Agriculture. Economic Research Service and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 Attachment Value and Farmland Prices written by Amy L. Damon and published by . This book was released on 2001 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Economics Research written by and published by . This book was released on 1983 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Factors Affecting Farmland Values in the United States written by John Everett Reynolds and published by . This book was released on 1969 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Farmland Values 1982 84 written by Catherine Greene and published by . This book was released on 1985 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Some Problems in Assessing Farmland in Rural Urban Fringe written by Frederick D. Stocker and published by . This book was released on 1961 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
