Valuing farmland with multiple quasi-fixed inputs

This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.

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Year of publication:	2004
Authors:	Mishra, Ashok ; Moss, Charles ; Erickson, Kenneth
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 36.2004, 15, p. 1669-1675
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005282896