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Controlling Farmland in the Red River Valley: A Stochastic Dominance Analysis of Alternative Means

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  • Cole R. Gustafson

Abstract

A tenant farmer's preference for a cash vs. share rental arrangement is found to be highly conditional on the terms of each arrangement in a whole farm situation analysis of a representative North Dakota Red River Valley farm. Failure of landlords to contribute to the production expenses of share rent tenants, government commodity programs, multi-peril crop insurance and tax provisions favor cash renting. Profitability of alternative land control strategies and methods of financing were evaluated using the criterion of stochastic dominance.

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  • Cole R. Gustafson, 1989. "Controlling Farmland in the Red River Valley: A Stochastic Dominance Analysis of Alternative Means," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 11(2), pages 243-251.
    • Handle: RePEc:oup:revage:v:11:y:1989:i:2:p:243-251.
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    File URL: http://hdl.handle.net/10.1093/aepp/11.2.243
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    Cited by:

    1. Blank, Steven, 1991. "Affects of Farmland Cash Leasing Rates on crop Selections of owners and Tenants: A Portfolio Analysis," WAEA/ WFEA Conference Archive (1929-1995) 321474, Western Agricultural Economics Association.

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