Valuing Farmland With Multiple Quasifixed Inputs
AbstractThis study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.
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Bibliographic InfoPaper provided by Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition in its series Proceedings: 2001 Regional Committee NC-221, October 1-2, 2001, McLean, Virginia with number 132397.
Date of creation: Oct 2001
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