2013 Michigan Land Values and Leasing Rates

Eric Wittenberg and Christopher Wolf ()

No 163721, Agricultural Economic Report Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

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.

Keywords: Agribusiness; Agricultural Finance; Farm Management; Financial Economics; Land Economics/Use; Production Economics (search for similar items in EconPapers)
Pages: 26
Date: 2013-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midaae:163721

DOI: 10.22004/ag.econ.163721

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