THE EFFECTS OF RISK ON FARMLAND VALUES AND RETURNS
Resource information
Date of publication
December 2002
Resource Language
ISBN / Resource ID
AGRIS:US2012204228
The effect of risk on farmland values and returns is analyzed using a capitalization model. County-level models are estimated using spatial econometric techniques. Our results show that riskier regions and growing conditions have both lower land values and higher risk-adjusted rates of return to farmland.
