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Four Econometric Models of the U. S. Farmland Market: An Updating with Comparisons

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  • Widdows, Richard
  • Doll, John P.

Abstract

This paper reexamines four econometric models of the U.S. farmland market to test their validity over different and more recent time periods. Updating these models appears not to be fruitful. If econometric analysis is to play a role in analysis of the farmland market, it will probably be effective only in local areas where productive factors and responses to them are reasonably homogeneous, rather than within a national aggregated market for U.S. farmland.

Suggested Citation

  • Widdows, Richard & Doll, John P., 1982. "Four Econometric Models of the U. S. Farmland Market: An Updating with Comparisons," Staff Reports 276744, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:276744
    DOI: 10.22004/ag.econ.276744
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    File URL: https://ageconsearch.umn.edu/record/276744/files/ers-report-055.pdf
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    1. Allen, Philp T. & Evans, Carson D. & Jones, Lawrence A. & Reinsel, Robert D. & Scofield, William H. & Wall, Norman J., 1966. "The Balance Sheet of Agriculture 1966," Agricultural Information Bulletins 305786, United States Department of Agriculture, Economic Research Service.
    2. Robert W. Herdt & Willard W. Cochrane, 1966. "Farm Land Prices and Farm Technological Advance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(2), pages 243-263.
    3. Luther G. Tweeten & James E. Martin, 1966. "A Methodology for Predicting U.S. Farm Real Estate Price Variation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(2), pages 378-393.
    4. Pope, Rulon D. & Kramer, Randall A. & Green, Richard D. & Gardner, B. Delworth, 1979. "An Evaluation Of Econometric Models Of U.S. Farmland Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-14, July.
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    Cited by:

    1. Gertel, Karl, 1985. "Differing Effects of Farm Commodity Programs on Land Returns and Land Values," Agricultural Economic Reports 307999, United States Department of Agriculture, Economic Research Service.

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