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Farmland Price-Rent Surveys: Opportunities for Outreach and Teaching

Author

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  • Deaton, B. James
  • Bannon, Nicholas
  • Scholz, Alexander
  • Naylor, Jamie

Abstract

Across North America, applied economists conduct annual surveys to assess local farmland prices and farmland rental rates. In this paper, we discuss the “Ontario Farmland Value and Rental Value Survey” and explain how the survey results support university outreach and teaching efforts. Similar to other surveys, the Ontario survey provides benchmark rental rates and farmland values at the county level that are beneficial for outreach purposes. In addition, the survey illuminates key economic relationships, such as the relationship between farmland values and urban development pressure. In teaching settings, the survey results allow students to assess and debate the merits of the classic capitalization formula using information regarding familiar regions.

Suggested Citation

  • Deaton, B. James & Bannon, Nicholas & Scholz, Alexander & Naylor, Jamie, 2025. "Farmland Price-Rent Surveys: Opportunities for Outreach and Teaching," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 7(3), March.
    • Handle: RePEc:ags:aaeatr:377647
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    References listed on IDEAS

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    1. Jan K. Brueckner, 1990. "Growth Controls and Land Values in an Open City," Land Economics, University of Wisconsin Press, vol. 66(3), pages 237-248.
    2. James Bryan & B. James Deaton & Alfons Weersink, 2015. "Do Landlord-Tenant Relationships Influence Rental Contracts for Farmland or the Cash Rental Rate?," Land Economics, University of Wisconsin Press, vol. 91(4), pages 650-663.
    3. B. James Deaton & Chad Lawley, 2022. "A survey of literature examining farmland prices: A Canadian focus," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(2), pages 95-121, June.
    4. Marxhall, Tori L. & Hagerman, Amy D. & Shear, Hannah E. & Burdine, Kenneth H. & Jablonski, Becca B.R., 2022. "Building up the Next Generation of Extension Specialists," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 4(3), August.
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