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Deciding on the Worth of Agricultural Land

Author

Listed:
  • Madden, B. J.
  • Malcolm, Bill

Abstract

The price farmers pay for farm land can be a critical determinant of the continued success or eventual failure of a farm business. A decision support model has been developed to make explicit the usually implicit assumptions about expected profitability, financing and debt servicing aspects of land purchase decisions. The model can be used to help the decision maker to identify offer prices for farm land which are probably sound and prices which are likely to be unsound.

Suggested Citation

  • Madden, B. J. & Malcolm, Bill, 1996. "Deciding on the Worth of Agricultural Land," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(02), pages 1-14, August.
    • Handle: RePEc:ags:remaae:12408
    DOI: 10.22004/ag.econ.12408
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    File URL: https://ageconsearch.umn.edu/record/12408/files/64020152.pdf
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    References listed on IDEAS

    as
    1. Bruce Bjornson & Robert Innes, 1992. "Another Look at Returns to Agricultural and Nonagricultural Assets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(1), pages 109-119.
    2. Bruce Bjornson, 1994. "Asset Pricing Theory and the Predictable Variation in Agricultural Asset Returns," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 454-464.
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    Cited by:

    1. Beal, Diana J., 1996. "Emerging Issues in Risk Management in Farm Firms," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(03), pages 1-12, December.

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    Keywords

    Land Economics/Use;

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