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Using Rights Of First Refusal For Farmland Retention

Author

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  • Duke, Joshua M.
  • Malcolm, Scott A.
  • MacKenzie, John

Abstract

How can rights of first refusal protect prime agricultural land? This paper develops a theory for valuing rights of first refusal based on compensation for foreclosing future demand, information asymmetry, and advance purchase of market share. A procedure is developed for governments to use these rights to prevent conversion.

Suggested Citation

  • Duke, Joshua M. & Malcolm, Scott A. & MacKenzie, John, 2001. "Using Rights Of First Refusal For Farmland Retention," 2001 Annual meeting, August 5-8, Chicago, IL 20760, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20760
    DOI: 10.22004/ag.econ.20760
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    Keywords

    Land Economics/Use;

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