Sumner, Daniel A.; Wilson, Norbert L. W. - In: Review of Agricultural Economics 27 (2005) 2, pp. 245-258
The rate of return to ownership of California dairy quota is about 27% per year-well above that of typical financial assets, but in line with other measured returns to agricultural quotas. Ownership of dairy quota does not contribute positively to total variation of typical portfolios, including...
