IDEAS home Printed from https://ideas.repec.org/p/ags/aaea76/283820.html
   My bibliography  Save this paper

Inflation And Crop Profitability: How Much Can Farmers Pay For Land?

Author

Listed:
  • Lee, Warren F.
  • Rask, Norman

Abstract

The purchase of a parcel of farm land can be one of the most difficult investment decisions confronting farm operators. Compared to other production inputs, land is purchased infrequently and usually involves a large, long term financial obligation. The land investment decision is especially critical today, when many are questioning the ability of farm income to support current land values at "normal" commodity prices.

Suggested Citation

  • Lee, Warren F. & Rask, Norman, 1976. "Inflation And Crop Profitability: How Much Can Farmers Pay For Land?," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 283820, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea76:283820
    DOI: 10.22004/ag.econ.283820
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/283820/files/19-00105AAEA_0466.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.283820?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Davenport, Charles & Boehlje, Michael D. & Martin, David B. H., 1982. "The Effects of Tax Policy on American Agriculture," Agricultural Economic Reports 307912, United States Department of Agriculture, Economic Research Service.
    2. Schnitkey, Gary D. & Taylor, C. Robert, 1987. "Conventional Capital Budgeting Versus Stochastic Dynamic Analysis Of Optimal Farmland Purchase And Sell Decisions," Illinois Agricultural Economics Staff Paper 244662, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.
    3. Robison, Lindon J. & Burghardt, William G., 1983. "Five Principles for Building Present Value Models and their Application to Maximum (Minimum) Bid (Sell) Price Models for Land," Agricultural Economic Report Series 201327, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Richards, Steven T. & Batte, Marvin T. & Brown, Larry C. & Czartoski, Bernie J. & Fausey, Norman R. & Belcher, H.W., 1999. "Economics Of A Wetland-Reservoir Subirrigation System In Northwestern Ohio," 1999 Annual meeting, August 8-11, Nashville, TN 21559, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Holt, John, 1979. "Dealing with Risk and Uncertainty in Farming," Staff Paper Series 239307, University of Florida, Food and Resource Economics Department.
    6. Robertson, J. Douglas & Musser, Wesley N. & Tew, Bernard V., 1982. "Lease Versus Purchase of a Center-Pivot Irrigation System: A Georgia Example," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(2), pages 37-42, December.
    7. Robison, Lindon J. & Brake, John R., 1980. "Inflation, Cash Flows, and Growth: Some Implications for the Farm Firm," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 131-137, December.
    8. Allan, Corey & Kerr, Suzi & Owen, Sally, 2020. "Over-valued or over-looked? A theoretical and empirical investigation of agricultural land values against profitability in Aotearoa New Zealand," Working Paper Series 9129, Victoria University of Wellington, School of Economics and Finance.
    9. Flowers, Gwendolyn G., 1983. "An economic analysis of the relation of farm land values and returns," ISU General Staff Papers 198301010800009469, Iowa State University, Department of Economics.
    10. Sherrick, Bruce J. & Irwin, Scott H. & Forster, D. Lynn, 1986. "Returns to Capital in Agriculture: A Historical View Using Portfolio Theory," 1986 Annual Meeting, July 27-30, Reno, Nevada 278457, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Fiske, John Robery, 1983. "The impact of financial constraints on the local price of farm land," ISU General Staff Papers 198301010800008710, Iowa State University, Department of Economics.
    12. Janssen, Larry L. & Swinson, Cindy R., 1985. "Determinants of Farmland Prices During Periods of Rising and Declining Farmland Values," Economics Staff Papers 232161, South Dakota State University, Department of Economics.
    13. Allan, Corey & Kerr, Suzi & Owen, Sally, 2020. "Over-valued or over-looked? A theoretical and empirical investigation of agricultural land values against profitability in Aotearoa New Zealand," Working Paper Series 21087, Victoria University of Wellington, School of Economics and Finance.
    14. Sandrey, Ronald A. & Arthur, Louise M. & Oliveira, Ronald A. & Wilson, W. Robert, 1982. "Determinants Of Oregon Farmland Values: A Pooled Cross-Sectional, Time Series Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-10, December.
    15. Bergland, Olvar & Randall, Alan, 1984. "Land Prices, Capital Gains And The Returns To Farmland Ownership," 1984 Annual Meeting, August 5-8, Ithaca, New York 279089, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    16. Robison, Lindon J. & Koenig, Steven R. & Brake, John R., 1984. "An Analysis of Interest and Principal Payments, Interest Rates and Time in Common and Uncommon Loans Using Present Value Tools," Agricultural Economic Report Series 201338, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    17. Kooti, Ghanbar & Robison, Lindon J., 1982. "Present Value Formulas for Calculating Maximum Bid Prices for Land with Applications for the TI-59 Hand Held Computer," Agricultural Economic Report Series 201302, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    18. Robison, Lindon J. & Koenig, Steven R. & Kelsey, Myron P., 1986. "Maximum (Minimum) Bid (Sell) Price Models for Land When Depreciable Assets are Included in the Transaction," Agricultural Economic Report Series 201364, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    19. Moore, Kevin Clare, 1985. "Predictive econometric modeling of the United States farmland market: an empirical test of the rational expectations hypothesis," ISU General Staff Papers 198501010800008872, Iowa State University, Department of Economics.

    More about this item

    Keywords

    Financial Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea76:283820. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.