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2012 Michigan Land Values and Leasing Rates

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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
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    File URL: http://purl.umn.edu/140027
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    References listed on IDEAS

    as
    1. Wilson, John S. & Otsuki, Tsunehiro, 2004. "To spray or not to spray: pesticides, banana exports, and food safety," Food Policy, Elsevier, vol. 29(2), pages 131-146, April.
    2. Otsuki, Tsunehiro & Wilson, John S. & Sewadeh, Mirvat, 2001. "Saving two in a billion: : quantifying the trade effect of European food safety standards on African exports," Food Policy, Elsevier, vol. 26(5), pages 495-514, October.
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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; Agribusiness; Farm Management; Financial Economics; Land Economics/Use; Production Economics;

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