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THE EFFECTS OF RISK ON FARMLAND VALUES AND RETURNS

Ani Katchova, Bruce Sherrick () and Peter J. Barry

No 19660, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The effect of risk on farmland values and returns is analyzed using a capitalization model. County-level models are estimated using spatial econometric techniques. Our results show that riskier regions and growing conditions have both lower land values and higher risk-adjusted rates of return to farmland.

Keywords: Land Economics/Use; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 21
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19660

DOI: 10.22004/ag.econ.19660

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