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Next year on the US farmland market: an informational approach

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  • Charles Moss
  • Ashok Mishra
  • Kenneth Erickson

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.

Suggested Citation

  • Charles Moss & Ashok Mishra & Kenneth Erickson, 2007. "Next year on the US farmland market: an informational approach," Applied Economics, Taylor & Francis Journals, vol. 39(5), pages 581-585.
    • Handle: RePEc:taf:applec:v:39:y:2007:i:5:p:581-585
    DOI: 10.1080/00036840500447831
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    References listed on IDEAS

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    1. Theil, Henri, 1989. "The development of international inequality 1960-1985," Journal of Econometrics, Elsevier, vol. 42(1), pages 145-155, September.
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    1. Salois, Matthew & Moss, Charles, 2010. "An Information Approach to the Dynamics in Farm Income: Implications for Farmland Markets," MPRA Paper 26850, University Library of Munich, Germany.
    2. Livanis, Grigorios & Moss, Charles B., 2010. "The effect of Africanized honey bees on honey production in the United States: An informational approach," Ecological Economics, Elsevier, vol. 69(4), pages 895-904, February.
    3. Charles B. Moss & Samba Mbaye & Anwar Naseem & James F. Oehmke, 2018. "Did the Plan Sénégal Emergent Affect Cropping Decisions in the Senegal River Basin?," Economies, MDPI, vol. 6(3), pages 1-17, July.

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