THE EFFECTS OF RISK ON FARMLAND VALUES AND RETURNS

The effect of risk on farmland values and returns is analyzed using a capitalization model. County-level models are estimated using spatial econometric techniques. Our results show that riskier regions and growing conditions have both lower land values and higher risk-adjusted rates of return to farmland.

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Year of publication:	2002
Authors:	Katchova, Ani L. ; Sherrick, Bruce J. ; Barry, Peter J.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Land Economics/Use \| Risk and Uncertainty

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Extent:	application/pdf
Series:	2002 Annual meeting, July 28-31, Long Beach, CA.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2002 Annual meeting, July 28-31, Long Beach, CA Number 19660
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005513464