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Next year on the US farmland market: an informational approach

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Author Info

  • Charles Moss
  • Ashok Mishra
  • Kenneth Erickson

Abstract

This study formulates an information measure for changes in asset values and applies the formulation to farmland values in the United States for 1960 to 1999. The results indicate that changes in asset values contained significant information following the Russian wheat sale in the early 1970s and the financial crisis in agriculture in the mid 1980s. Further, information about preceding year's asset values largely explains the regional distribution of current year's farmland values.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840500447831
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 39 (2007)
Issue (Month): 5 ()
Pages: 581-585

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Handle: RePEc:taf:applec:v:39:y:2007:i:5:p:581-585

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  1. Theil, Henri, 1989. "The development of international inequality 1960-1985," Journal of Econometrics, Elsevier, vol. 42(1), pages 145-155, September.
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Cited by:
  1. Salois, Matthew & Moss, Charles, 2010. "An Information Approach to the Dynamics in Farm Income: Implications for Farmland Markets," MPRA Paper 26850, University Library of Munich, Germany.
  2. Livanis, Grigorios & Moss, Charles B., 2010. "The effect of Africanized honey bees on honey production in the United States: An informational approach," Ecological Economics, Elsevier, vol. 69(4), pages 895-904, February.

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