IDEAS home Printed from https://ideas.repec.org/p/nzb/nzbans/2012-04.html
   My bibliography  Save this paper

In search of greener pastures - improving the REINZ farm price index

Author

Listed:

Abstract

A good farm price measure captures the price that a 'representative' farm would sell for each period. In reality, though, there is no representative farm and, even if there was, it would not sell every period anyway. Farms are not like bottles of milk. They are not identical and their prices are not easily comparable. Moreover, farm price measures must rely on a small, and changing, sample of farm sales from which they must disentangle like-for-like price changes. Keeping in mind that the quality of any farm price measure will be limited by the low number of farm sales, particularly during periods of stress, this paper sets out to improve on currently available measures of farm prices by controlling for the different characteristic of farms sold.

Suggested Citation

  • Ashley Dunstan & Chris McDonald, 2012. "In search of greener pastures - improving the REINZ farm price index," Reserve Bank of New Zealand Analytical Notes series AN2012/04, Reserve Bank of New Zealand.
    • Handle: RePEc:nzb:nzbans:2012/04
    as

    Download full text from publisher

    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Analytical%20notes/2012/an2012-04.pdf
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nzb:nzbans:2012/04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Reserve Bank of New Zealand Knowledge Centre (email available below). General contact details of provider: https://edirc.repec.org/data/rbngvnz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.