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A Transation Cost Economics And Property Rights Theory Approach To Farmland Lease Preferences

Author

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  • Moss, Leeann E.
  • Westgren, Randall E.
  • Schnitkey, Gary D.
  • Barry, Peter J.

Abstract

Numerous theoretical approaches to farmland leasing contract choice have been developed with little consistent empirical support, particularly for the Corn Belt. A unique theoretical approach to explaining farmers' lease preferences is presented, using a combination of transaction cost economics and property rights theory. Results demonstrate that both transactional and certain producer characteristics are important motivators of contract choice.
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Suggested Citation

  • Moss, Leeann E. & Westgren, Randall E. & Schnitkey, Gary D. & Barry, Peter J., 2001. "A Transation Cost Economics And Property Rights Theory Approach To Farmland Lease Preferences," 2001 Regional Committee NC-221, October 1-2, 2001, McLean, Virginia 132406, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    • Handle: RePEc:ags:nc2001:132406
    DOI: 10.22004/ag.econ.132406
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    Cited by:

    1. Gueck, Nicole & Klose, Steven L. & Jones, DeDe & Yates, Jay, 2010. "Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle Under Changing Market Conditions," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2010, pages 1-15.
    2. Christine Léger Léger-Bosch, 2018. "Farmland Tenure and Transaction Costs," Working Papers hal-01775201, HAL.
    3. Gonon, Morgane & Prudhomme, Rémi & Ba, Marieme & Diop, Penda & Mbaye, Tamsir & Levrel, Harold & Comte, Adrien, 2025. "Selective carbon credits: Market preferences and ecosystem restoration in Senegal," Ecological Economics, Elsevier, vol. 235(C).
    4. McCann, Laura & Colby, Bonnie & Easter, K. William & Kasterine, Alexander & Kuperan, K.V., 2005. "Transaction cost measurement for evaluating environmental policies," Ecological Economics, Elsevier, vol. 52(4), pages 527-542, March.

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