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Accumulation And Rental Behavior In The Market For Farmland

Author

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  • Chambers, Robert G.
  • Phipps, Tim T.

Abstract

A farmerÂ’s choices of tenure and farm size result from a complex interplay of economic factors technology, entrepreneurial ability, and personal preferences. This paper examines the qualitative effects of these factors on tenure and farm size in a dynamic optimization framework. One implication of the theoretical model is that changes in technology should cause systematic differences to be observed between rates of return on farmland and rates earned on comparable long-term assets. This implication is supported by an empirical test.

Suggested Citation

  • Chambers, Robert G. & Phipps, Tim T., 1988. "Accumulation And Rental Behavior In The Market For Farmland," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(02), December.
  • Handle: RePEc:ags:wjagec:32120
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    File URL: http://purl.umn.edu/32120
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    References listed on IDEAS

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    1. Currie,J. M., 1981. "The Economic Theory of Agricultural Land Tenure," Cambridge Books, Cambridge University Press, number 9780521236348.
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    Cited by:

    1. Pavel Ciaian & d’Artis Kancs & Johan Swinnen, 2010. "EU Land Markets and the Common Agricultural Policy," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 53(3), pages 1-31.
    2. Andersson, Hans, 1995. "Landlords and farmers: implications of disparities in bargaining power for tenancy in agriculture," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 12(2), August.
    3. Andersson, H., 1995. "Landlords and farmers: implications of disparities in bargaining power for tenancy in agriculture," Agricultural Economics, Blackwell, vol. 12(2), pages 151-162, August.

    More about this item

    Keywords

    Land Economics/Use;

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