The Connection Between Cash Rents and Land Values
Gregory A. Ibendahl
No 120055, 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama from Southern Agricultural Economics Association
The last few years have seen big increases in land values. Cash rents have also increased but perhaps at a slower rate than land values. This paper examines the ratio of land values to cash rents to determine if how cash rents have changed in relation to land value changes. This ratio is important because it helps indicate whether cash rents are a good way of controlling farmland relative to purchasing the land. Results indicate there may be a lag in cash rents before they match the level of land prices. However, this relationship does not always hold.
Keywords: Agricultural Finance; Crop Production/Industries; Farm Management; Production Economics (search for similar items in EconPapers)
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