An Information Approach to the Dynamics in Farm Income: Implications for Farmland Markets
Matthew Salois and
Charles Moss
MPRA Paper from University Library of Munich, Germany
Abstract:
The valuation of farmland is a perennial issue for agricultural policy, given its importance in the farm investment portfolio. Despite the significance of farmland values to farmer wealth, prediction remains a difficult task. This study develops a dynamic information measure to examine the informational content of income to farmland in explaining the distribution of farmland values over time.
Keywords: information theory; farmland markets; farm income (search for similar items in EconPapers)
JEL-codes: C49 Q14 Q24 (search for similar items in EconPapers)
Date: 2010-10-31
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26850
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