Farmland returns and economic conditions: a FAVAR approach

Todd Kuethe (), Todd Hubbs and Mitch Morehart

Empirical Economics, 2014, vol. 47, issue 1, 129-142

Abstract: This study examines the linkages between farmland returns and other market forces including the returns to alternative investments, agricultural sector activity, non-farm real estate, and macroeconomic conditions over the period 1973–2008. The study applies factor-augmented vector autoregression to extract information from a large panel of economic time series. Results suggest that farmland returns are influenced by common trends in the returns to alternative investments and general macroeconomic conditions. Copyright Springer-Verlag Berlin Heidelberg (outside the USA) 2014

Keywords: Farmland; Farmland values; Factor-augmented vector autoregression; Q14; Q15 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s00181-013-0730-5

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