Farmland Prices and the Return to Land: An Application of Causality Testing

Tim Phipps

No 279162, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Tests are conducted to investigate the temporal relationship between farmland prices and the return to farmland. The return to land is found, as expected, to be a leading indicator of the price of farmland. The use of the ex post return as an input in a transfer function model with land price as an output resulted in a 23% reduction in the MSE obtained from a univariate land price model.

Keywords: Demand and Price Analysis; Farm Management; Land Economics/Use (search for similar items in EconPapers)
Pages: 17
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279162

DOI: 10.22004/ag.econ.279162

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