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Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle Under Changing Market Conditions

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  • Gueck, Nicole
  • Klose, Steven L.
  • Jones, DeDe
  • Yates, Jay

Abstract

This paper examines the preferred share arrangement for both landlords and tenants producing grain in the Texas High Plains (based on risk preference), and determines the sensitivity to changing input costs and market prices. Results of the analyses show that tenants and landlords prefer different arrangements in all scenarios. Results also indicate that a tenant would prefer a different lease arrangement in 2008 than in 2005, while the landlord’s preference would remain unchanged.

Suggested Citation

  • Gueck, Nicole & Klose, Steven L. & Jones, DeDe & Yates, Jay, 2010. "Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle Under Changing Market Conditions," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2010, pages 1-15.
    • Handle: RePEc:ags:jasfmr:96380
    DOI: 10.22004/ag.econ.96380
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    References listed on IDEAS

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    1. Klose, Steven L. & Outlaw, Joe L., 2005. "Financial and Risk Management Assistance: Decision Support for Agriculture," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(2), pages 1-10, August.
    2. Dillon, Carl R. & Oriade, Caleb A. & Parsch, Lucas D., 1998. "Production Risk Management Under Arkansas Soybean Rental Arrangements From The Tenant'S And Landlord'S Perspective," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20781, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Moss, Leeann E. & Westgren, Randall E. & Schnitkey, Gary D. & Barry, Peter J., 2001. "A Transation Cost Economics And Property Rights Theory Approach To Farmland Lease Preferences," 2001 Regional Committee NC-221, October 1-2, 2001, McLean, Virginia 132406, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    4. Ralph Bierlen & Lucas D. Parsch, 1996. "Tenant Satisfaction with Land Leases," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(3), pages 505-513.
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    Cited by:

    1. Hauger, Michael H. & Burton, Robert O., 2015. "What to Do with a Gift of Farmland: Part One," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2015.

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    Keywords

    Financial Economics; Production Economics;

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