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Equity financing and investment opportunities in Canadian primary agriculture

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  • Painter, Marvin J.
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    Abstract

    This study shows that for the period 1990–2007, international portfolio investment performance was significantly improved with the addition of Canadian farmland. Farmland in Canada is considered relatively low risk, enters the efficient portfolios at low risk levels and adds the most financial improvement to low and medium risk portfolios. Compared with T-bills and long bonds, farmland has higher risk and yield, but lower risk than stocks. Compared with stocks, farmland has income yields and risk that are similar to or better than dividend yields and risk on stocks while farmland has capital gain yields and risk that are usually lower, on average, than stocks. The low and negative correlation of farmland yields with stocks and bonds make it a good candidate for portfolio diversification benefits.

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    File URL: http://purl.umn.edu/120867
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    Bibliographic Info

    Article provided by Australasian Farm Business Management Network in its journal AFBM Journal.

    Volume (Year): 07 (2010)
    Issue (Month): 1 ()
    Pages:

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    Handle: RePEc:ags:afbmau:120867

    Contact details of provider:
    Web page: http://www.csu.edu.au/faculty/science/saws/afbm
    More information through EDIRC

    Related research

    Keywords: Investment portfolio; risk management; diversification; farmland; Canada; Farm Management;

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