Government Policy and Farmland Markets

Government Policy and Farmland Markets

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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.This story, while reasonable, does not fit the traditional notion of efficient asset markets treasured by financial economists. ... However, such short sales are difficult in farmland markets because farmland is not always available to offset the short sale. Also ... Using the Kalman filter, we estimate the state-space model for Florida, Kansas, Illinois, and Indiana based on USDA data for 1950 through 1995 anbsp;...

Title:Government Policy and Farmland Markets
Author:Charles Moss, Andrew Schmitz
Publisher:John Wiley & Sons - 2008-02-28


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