NEXT YEAR ON THE U.S. FARMLAND MARKET: AN INFORMATIONAL APPROACH

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

No 19186, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper formulates an information measure for changes in asset values and applies the formulation to farmland values in the United States for 1960-99. The results indicate that changes in asset values contained significant information following the Russian wheat sale in the early 1970s and the financial crisis in agriculture in the mid 1980s. Further, information about preceding year's asset value largely explains the regional distribution of current year's farmland values.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 12
Date: 2005
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19186

DOI: 10.22004/ag.econ.19186

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