Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle under Changing Market Conditions
AbstractThis paper examines the profit maximizing share arrangement for both landlords and tenants producing grain in the Texas High Plains (based on risk preference), and determines whether the results are affected by input costs and market prices. Results of the analyses show that tenants and landlords prefer different arrangements in all scenarios. Results also indicate that a tenant would prefer a different lease arrangement in 2008 than in 2005, while the landlord’s preference would remain unchanged.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia with number 45929.
Date of creation: 2008
Date of revision:
Landlord; Tenant; Share Lease; Grain; Texas; Market Conditions; Agribusiness; Agricultural Finance; Farm Management; Financial Economics; Land Economics/Use;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-10 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dillon, Carl R. & Oriade, Caleb A. & Parsch, Lucas D., 1998. "Production Risk Management Under Arkansas Soybean Rental Arrangements From The Tenant'S And Landlord'S Perspective," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20781, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Klose, Steven L. & Outlaw, Joe L., 2005. "Financial and Risk Management Assistance: Decision Support for Agriculture," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(02), August.
- Moss, Leeann E. & Barry, Peter J. & Schnitkey, Gary D. & Westgren, Randall E., 2001. "A Transaction Cost Economics And Property Rights Theory Approach To Farmland Lease Preferences," 2001 Annual meeting, August 5-8, Chicago, IL 20537, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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