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Does Modern Portfolio Theory Apply to Agricultural Land Ownership? Concepts for Farmers and Farm Managers

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  • Libbin, James D.
  • Kohler, Jeremy D.
  • Hawkes, Jerry M.

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  • Libbin, James D. & Kohler, Jeremy D. & Hawkes, Jerry M., 2004. "Does Modern Portfolio Theory Apply to Agricultural Land Ownership? Concepts for Farmers and Farm Managers," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2004, pages 1-12.
    • Handle: RePEc:ags:jasfmr:198506
    DOI: 10.22004/ag.econ.198506
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    References listed on IDEAS

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    1. Turvey, Calum Greig, 1990. "An Application of the Single Index Model to Regional and Farm Level Risk Analysis," Department of Agricultural Economics and Business 258662, University of Guelph.
    2. Robert A. Collins, 1988. "Risk Analysis with Single-Index Portfolio Models: An Application to Farm Planning: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(1), pages 195-196.
    3. S. Michael Giliberto, 1992. "The Allocation of Real Estate to Future Mixed-Asset Institutional Portfolios," Journal of Real Estate Research, American Real Estate Society, vol. 7(4), pages 423-432.
    4. Turvey, Calum Greig, 1990. "An Application Of The Single Index Model To Regional And Farm Level Risk Analysis," 1990 Annual meeting, August 5-8, Vancouver, Canada 270859, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
    6. Peter J. Barry, 1980. "Capital Asset Pricing and Farm Real Estate," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 549-553.
    7. Gerald Brown & Edward Schuck, 1996. "Optimal Portfolio Allocations to Real Estate," Journal of Real Estate Portfolio Management, Taylor & Francis Journals, vol. 2(2), pages 63-73, January.
    8. Scott H. Irwin & D. Lynn Forster & Bruce J. Sherrick, 1988. "Returns to Farm Real Estate Revisited," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 580-587.
    9. Libbin, James D. & Kohler, Jeremy D. & Hawkes, Jerry M., 2004. "Financial and Real Estate Investments in Mixed-Asset Agricultural Portfolios," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2004, pages 1-11.
    10. Robert A. Collins & Peter J. Barry, 1986. "Risk Analysis with Single-Index Portfolio Models: An Application to Farm Planning," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 152-161.
    11. Ashok K. Mishra & Mitchell J. Morehart, 2001. "Off‐farm investment of farm households: A logit analysis," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 61(1), pages 88-101, May.
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    Citations

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    Cited by:

    1. Painter, Marvin J., 2013. "Gold, black gold, and farmland: should they all be part of your investment portfolio?," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 2(2), pages 1-13, January.
    2. Painter, Marvin, 2009. "PR - Equity Financing And Investment, Opportunities In Canadian Primary Agriculture," 17th Congress, Illinois State University, USA, July 19-24, 2009 345514, International Farm Management Association.
    3. Painter, Marvin J., 2011. "PR - Improving Investment Diversification: Is Farmland As Good As Gold? (p396-405)," 18th Congress, Methven, New Zealand, 2011 345588, International Farm Management Association.
    4. Toth, Marian & Lancaric, Drahoslav & Piterkova, Andrea & Savov, Radovan & Rabek, Tomas, 2014. "Measuring Systematic Risk Of Unquoted Agricultural Farms," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(1), March.
    5. Li, Xin, 2016. "The Farmland Valuation Revisited," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 4(2), pages 1-14, April.
    6. Libbin, James D. & Kohler, Jeremy D. & Hawkes, Jerry M., 2004. "Financial and Real Estate Investments in Mixed-Asset Agricultural Portfolios," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2004, pages 1-11.
    7. Painter, Marvin J., 2013. "PR - North American Farmland Investment Performance Assessment Using E-V Analysis, CAPM And Value At Risk," 19th Congress, Warsaw, Poland, 2013 345689, International Farm Management Association.
    8. repec:ags:aoeisl:170464 is not listed on IDEAS
    9. Painter, Marvin J., 2015. "Assessing the Required Risk Premium for North American Farmland Investment," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2015, pages 1-19.
    10. Kabir, Md. Jahangir & Cramb, Rob & Alauddin, Mohammad & Gaydon, Donald S., 2019. "Farmers’ perceptions and management of risk in rice-based farming systems of south-west coastal Bangladesh," Land Use Policy, Elsevier, vol. 86(C), pages 177-188.
    11. Painter, Marvin J., 2010. "Equity financing and investment opportunities in Canadian primary agriculture," AFBM Journal, Australasian Farm Business Management Network, vol. 7(1), pages 1-8, October.
    12. Painter, Marvin, 2006. "The Financial Benefits to Investors in a Canadian Farmland Mutual Fund," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2006, pages 1-9.
    13. Tóth, M. & Lančarič, D. & Piterková, A. & Savov, R., 2014. "Systematic Risk in Agriculture: A Case of Slovakia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 6(4), pages 1-9, December.
    14. Williams, John & McSweeney, Peter & Salmon, Robert, 2014. "Australian Farm Investment: Domestic and Overseas Issues," Papers 234408, University of Melbourne, Melbourne School of Land and Environment.

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    Keywords

    Farm Management; Land Economics/Use;

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