Valuing farmland with multiple quasi-fixed inputs

Ashok K. Mishra, Charles B. Moss, Kenneth Erickson

Research output: Contribution to journalArticle

7 Scopus citations

Abstract

This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.

Original languageEnglish (US)
Pages (from-to)1669-1675
Number of pages7
JournalApplied Economics
Volume36
Issue number15
DOIs
StatePublished - Aug 20 2004
Externally publishedYes

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ASJC Scopus subject areas

  • Economics and Econometrics

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