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2012 Michigan Land Values and Leasing Rates

Author

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  • Wittenberg, Eric
  • Wolf, Christopher A.

Abstract

Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Rural residents have increasingly sought open space for home sites and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop land for non-farm uses. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price.

Suggested Citation

  • Wittenberg, Eric & Wolf, Christopher A., 2012. "2012 Michigan Land Values and Leasing Rates," Agricultural Economic Report Series 140027, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  • Handle: RePEc:ags:midaae:140027
    DOI: 10.22004/ag.econ.140027
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    Cited by:

    1. Lee, Sangjun & Zhao, Jinhua & Thornsbury, Suzanne, 2013. "Extreme Events and Land Use Decisions under Climate Change in Tart Cherry Industry in Michigan," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150568, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Agribusiness; Farm Management; Financial Economics; Land Economics/Use; Production Economics;
    All these keywords.

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