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An Information Approach to the Dynamics in Farm Income: Implications for Farmland Markets

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  • Salois, Matthew
  • Moss, Charles

Abstract

The valuation of farmland is a perennial issue for agricultural policy, given its importance in the farm investment portfolio. Despite the significance of farmland values to farmer wealth, prediction remains a difficult task. This study develops a dynamic information measure to examine the informational content of income to farmland in explaining the distribution of farmland values over time.

Suggested Citation

  • Salois, Matthew & Moss, Charles, 2010. "An Information Approach to the Dynamics in Farm Income: Implications for Farmland Markets," MPRA Paper 26850, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:26850
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    File URL: https://mpra.ub.uni-muenchen.de/26850/1/MPRA_paper_26850.pdf
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    References listed on IDEAS

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    Cited by:

    1. Dong Hee Suh, 2018. "An Entropy Approach to Regional Differences in Carbon Dioxide Emissions: Implications for Ethanol Usage," Sustainability, MDPI, vol. 10(1), pages 1-11, January.
    2. Muhammad Hafeez & Chunhui Yuan & Issam Khelfaoui & Almalki Sultan Musaad O & Muhammad Waqas Akbar & Liu Jie, 2019. "Evaluating the Energy Consumption Inequalities in the One Belt and One Road Region: Implications for the Environment," Energies, MDPI, vol. 12(7), pages 1-15, April.
    3. Salois, Matthew J., 2013. "Regional changes in the distribution of foreign aid: An entropy approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(13), pages 2893-2902.

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    More about this item

    Keywords

    information theory; farmland markets; farm income;
    All these keywords.

    JEL classification:

    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other

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