The Effect of Anticipated Farm Failure on the.Agricultural Land Market

H. Love and Larry Karp

No 270186, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: In this paper, optimal decision rules are derived for land purchases and sales and debt scheduling when the possibility of bankruptcy exists. A market mechanism is also developed so that land prices can be determined as the equilibrium condition of the market interaction of individuals buying and selling land.

Keywords: Agricultural Finance; Land Economics/Use (search for similar items in EconPapers)
Pages: 17
Date: 1988-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea88:270186

DOI: 10.22004/ag.econ.270186

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