Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle under Changing Market Conditions
This paper examines the profit maximizing share arrangement for both landlords and tenants producing grain in the Texas High Plains (based on risk preference), and determines whether the results are affected by input costs and market prices. Results of the analyses show that tenants and landlords prefer different arrangements in all scenarios. Results also indicate that a tenant would prefer a different lease arrangement in 2008 than in 2005, while the landlord’s preference would remain unchanged.
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- Klose, Steven L. & Outlaw, Joe L., 2005. "Financial and Risk Management Assistance: Decision Support for Agriculture," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(02), August.
- Moss, Leeann E. & Barry, Peter J. & Schnitkey, Gary D. & Westgren, Randall E., 2001. "A Transaction Cost Economics And Property Rights Theory Approach To Farmland Lease Preferences," 2001 Annual meeting, August 5-8, Chicago, IL 20537, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Dillon, Carl R. & Oriade, Caleb A. & Parsch, Lucas D., 1998. "Production Risk Management Under Arkansas Soybean Rental Arrangements From The Tenant'S And Landlord'S Perspective," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20781, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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