What to Do with a Gift of Farmland: Part One

Michael H. Hauger and Robert O. Burton

Journal of the ASFMRA, 2015, vol. 2015

Abstract: Many people are given farmland and this phenomenon will continue. People who receive the gift of farmland may want to retain ownership for a variety of reasons: the land is already paid for; it may increase in value; it may have been in the family for a long time; or it may allow participation in production agriculture. Lack of land ownership costs may reduce the risk of land ownership. The purpose of this manuscript is to determine whether a person who has been given farmland can afford to retain ownership. A twelveyear analysis was used to determine the net income and risk associated with three strategies for retaining ownership.

Keywords: Agricultural Finance; Land Economics/Use; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:235186

DOI: 10.22004/ag.econ.235186

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