LAND PRICES, CAPITAL GAINS AND THE RETURNS TO FARMLAND OWNERSHIP

Olvar Bergland and Alan Randall

No 279089, 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The determination of farmland prices and the possibility of abovenormal returns to land ovnership, one-shot capital gains (losses) and continuing capital gains (losses) are examined using models based on asset pricing theory. These models appear to explain the rising farmland prices of the pre-1979 periods and their subsequent fall.

Keywords: Demand and Price Analysis; Farm Management; Land Economics/Use (search for similar items in EconPapers)
Pages: 19
Date: 1984-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea84:279089

DOI: 10.22004/ag.econ.279089

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