The Effect of Risk on the Rental Value of Agricultural Land

Joyce A. Hall and B Brorsen

No 270458, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A theoretical model determining the rental value of agricultural land under risk aversion is developed. Land rent is modeled as a function of expected output price, input price and risk. Cross sectional time series data for the Corn Belt states (1970-1986) are used assuming a corn-soybean rotation. Farm programs are included as contingent claims.

Keywords: Agricultural Finance; Land Economics/Use; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 16
Date: 1988-08-01
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The Effect of Risk on the Rental Value of Agricultural Land (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea88:270458

DOI: 10.22004/ag.econ.270458

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