Returns to Capital in Agriculture: A Historical View Using Portfolio Theory
Bruce Sherrick (),
Scott H. Irwin and
D. Lynn Forster
No 278457, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Returns from various U.S. capital assets are used to construct efficient investment portfolios for four time periods in the post-WWII era. These efficient portfolios show a higher proportion of farm real estate than are actually observed. Conclusions are that returns to farm real estate may have been high relative to their risk.
Keywords: Agribusiness; Agricultural and Food Policy; Farm Management (search for similar items in EconPapers)
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