EFFECT OF DEBT SOLVENCY ON FARMLAND VALUES: A PANEL COINTEGRATION APPROACH

Ashok Mishra (), Charles Moss and Kenneth W. Erickson

No 20261, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Farmland values in the United States represent a major component of the farm sector balance sheet. The linkage between farmland values and agricultural debt has typically been ignored in the literature. This paper attempts to make two contributions to our understanding of farmland prices. First, building on established literature, this study examines the role of debt solvency and government payments in farmland valuation. Second, from a methodological standpoint, this study incorporates both the nonstationarity dimension of farmland prices and the panel structure of the data relying on recent advances in econometric literature.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 26
Date: 2004
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20261

DOI: 10.22004/ag.econ.20261

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