Valuing farmland with multiple quasi-fixed inputs

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

doi:10.1080/0003684042000266847

Valuing farmland with multiple quasi-fixed inputs

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

Research output: Contribution to journal › Article › peer-review

8 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 language	English (US)
Pages (from-to)	1669-1675
Number of pages	7
Journal	Applied Economics
Volume	36
Issue number	15
DOIs	https://doi.org/10.1080/0003684042000266847
State	Published - Aug 20 2004
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/0003684042000266847

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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.",

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Valuing farmland with multiple quasi-fixed inputs

Abstract

ASJC Scopus subject areas

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