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Contract Choice Selection With Land-Leasing Agreements

Author

Listed:
  • Rainey, Ronald L.
  • Dixon, Bruce L.
  • Ahrendsen, Bruce L.
  • Parsch, Lucas D.
  • Bierlen, Ralph W.

Abstract

This study tests cropland contract hypotheses utilizing a landlord data set. Ordered probit and classical regression models are estimated and presented identifying factors that affect the contract type selection and terms. Results suggest credit constraints are a viable land-leasing hypothesis. Risk aversion, managerial ability, and social capital are also supported.

Suggested Citation

  • Rainey, Ronald L. & Dixon, Bruce L. & Ahrendsen, Bruce L. & Parsch, Lucas D. & Bierlen, Ralph W., 2001. "Contract Choice Selection With Land-Leasing Agreements," 2001 Annual meeting, August 5-8, Chicago, IL 20644, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20644
    DOI: 10.22004/ag.econ.20644
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    References listed on IDEAS

    as
    1. Bierlen, Ralph W. & Parsch, Lucas D. & Dixon, Bruce L., 1999. "How Cropland Contract Type And Term Decisions Are Made: Evidence From An Arkansas Tenant Survey," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 2(1), pages 1-19.
    2. Otsuka, Keijiro & Hayami, Yujiro, 1988. "Theories of Share Tenancy: A Critical Survey," Economic Development and Cultural Change, University of Chicago Press, vol. 37(1), pages 31-68, October.
    3. 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.
    4. Allen, Douglas & Lueck, Dean, 1992. "Contract Choice in Modern Agriculture: Cash Rent versus Cropshare," Journal of Law and Economics, University of Chicago Press, vol. 35(2), pages 397-426, October.
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    Keywords

    Land Economics/Use;

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