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2012 Michigan Land Values and Leasing Rates

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Author Info

  • Wittenberg, Eric
  • Wolf, Christopher A.

Abstract

Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Rural residents have increasingly sought open space for home sites and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop land for non-farm uses. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price.

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File URL: http://purl.umn.edu/140027
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Bibliographic Info

Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Agricultural Economic Report Series with number 140027.

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Date of creation: Nov 2012
Date of revision:
Handle: RePEc:ags:midaae:140027

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Postal: Justin S. Morrill Hall of Agriculture, 446 West Circle Dr., Rm 202, East Lansing, MI 48824-1039
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Web page: http://www.aec.msu.edu/agecon/
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Related research

Keywords: Agribusiness; Farm Management; Financial Economics; Land Economics/Use; Production Economics; Agribusiness; Farm Management; Financial Economics; Land Economics/Use; Production Economics;

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Cited by:
  1. Lee, Sangjun & Zhao, Jinhua & Thornsbury, Suzanne, 2013. "Extreme Events and Land Use Decisions under Climate Change in Tart Cherry Industry in Michigan," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150568, Agricultural and Applied Economics Association.

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