Graubner, Marten; Hüttel, Silke - Agricultural Land Markets - Efficiency and Regulation - 2024
between farmland rental and sales markets. In this note we propose a model for price formation in both markets under a spatial … competition framework. We demonstrate that price formation differs, particularly under policy-induced output price shocks. We … suggest that using rent-price ratio as an approximation for expectations in the net returns of farming, based on the net …