Plogmann, Jana; Mußhoff, Oliver; Odening, Martin; … - Agricultural Land Markets - Efficiency and Regulation - 2018
The price increases on agricultural land markets in the last decade have triggered a debate about land as an attractive … first indicator of the profitability of an investment in land. In this paper, we apply the dynamic Gordon growth model to … rates, and a land premium, i.e., the excess return on investment. This analysis reveals that the recent price surge on …