EconPapers    
Economics at your fingertips  
 

An Examination of Farm Asset Returns

Lynn H. Miller and Bruce Sherrick ()

Journal of Agribusiness, 1994, vol. 12, issue 1, 21

Abstract: A multi-factor capital asset pricing model is used to examine the return characteristics of physical assets comprising the farm asset portfolio. Physical assets analyzed are: 1) farm real estate; 2) machinery and motor vehicles; 3) crops stored on farm; and 4) livestock and poultry. Results for the years 1950-1990 indicate that unexpected inflation is more appropriate than the more commonly used realized inflation factor; and that the systematic risk component to these asset classes is, in general, low. Further, excess returns measures are significant for farmland, machinery, and crops stores on farm but not for livestock and poultry.

Keywords: Agribusiness; Farm Management; Financial Economics (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/62342/files/JAB12one2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:62342

DOI: 10.22004/ag.econ.62342

Access Statistics for this article

More articles in Journal of Agribusiness from Agricultural Economics Association of Georgia Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2020-05-16
Handle: RePEc:ags:jloagb:62342