Valuing farmland with multiple quasi-fixed inputs

Valuing farmland with multiple quasi-fixed inputs

This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential exis...

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Veröffentlicht in:Applied economics 2004-01, Vol.36 (15), p.1669-1675
Hauptverfasser: Mishra, Ashok K, Moss, Charles B, Erickson, Kenneth
Format: Artikel
Sprache:eng
Schlagworte:
agricultural land
Applied economics
Case studies
cash rents
econometric models
Economic theory
farm assets
Farms
Fixed assets
Land economics
land values
leasing
Property values
Studies
Value
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Beschreibung
Zusammenfassung:This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.
ISSN:0003-6846
1466-4283
DOI:10.1080/0003684042000266847