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2013 Michigan Land Values and Leasing Rates

Author

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  • 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.

Suggested Citation

  • Wittenberg, Eric & Wolf, Christopher A., 2013. "2013 Michigan Land Values and Leasing Rates," Agricultural Economic Report Series 163721, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  • Handle: RePEc:ags:midaae:163721
    DOI: 10.22004/ag.econ.163721
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    Keywords

    Agribusiness; Agricultural Finance; Farm Management; Financial Economics; Land Economics/Use; Production Economics;
    All these keywords.

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