Information Rigidities and Farmland Value Expectations

Chad Fiechter, Todd Kuethe and Wendong Zhang

Land Economics, 2025, vol. 101, issue 2

Abstract: This article examines the degree to which information inefficiency influences farmland price expectations. Using expectations and observed values of Iowa farmland from 1964 to 2021 and the empirical test of Coibion and Gorodnichenko (2015), we estimate the degree to which information rigidities hold explanatory power for information inefficiency. Our results suggest that Iowa farmland professionals infrequently update their information set or underweight new information. This article provides a necessary step toward a better understanding of the role of information in farmland market efficiency, furthering the discussion of development of additional public information in farmland markets.

JEL-codes: Q1 Q51 (search for similar items in EconPapers)
Date: 2025
Note: DOI: https://doi.org/10.3368/le.101.2.102623-0111R1
References: Add references at CitEc
Citations:

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/101/2/218
A subscription is required to access pdf files. Pay per article is available.

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:uwp:landec:v101:y:2025:i:2:p:218-229

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().