Next year on the US farmland market: An informational approach

Charles Moss, Ashok Mishra, Kenneth Erickson

Research output: Contribution to journalArticle

5 Scopus citations

Abstract

This study formulates an information measure for changes in asset values and applies the formulation to farmland values in the United States for 1960 to 1999. The results indicate that changes in asset values contained significant information following the Russian wheat sale in the early 1970s and the financial crisis in agriculture in the mid 1980s. Further, information about preceding year's asset values largely explains the regional distribution of current year's farmland values.

Original languageEnglish (US)
Pages (from-to)581-585
Number of pages5
JournalApplied Economics
Volume39
Issue number5
DOIs
StatePublished - Mar 1 2007
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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