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Land Prices, Capital Gains And The Returns To Farmland Ownership

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  • Bergland, Olvar
  • Randall, Alan

Abstract

The determination of farmland prices and the possibility of abovenormal returns to land ovnership, one-shot capital gains (losses) and continuing capital gains (losses) are examined using models based on asset pricing theory. These models appear to explain the rising farmland prices of the pre-1979 periods and their subsequent fall.

Suggested Citation

  • Bergland, Olvar & Randall, Alan, 1984. "Land Prices, Capital Gains And The Returns To Farmland Ownership," 1984 Annual Meeting, August 5-8, Ithaca, New York 279089, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea84:279089
    DOI: 10.22004/ag.econ.279089
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    File URL: https://ageconsearch.umn.edu/record/279089/files/aaea-1984-141.pdf
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    References listed on IDEAS

    as
    1. Emery N. Castle & Irving Hoch, 1982. "Farm Real Estate Price Components, 1920–78," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(1), pages 8-18.
    2. John T. Scott, 1983. "Factors Affecting Land Price Decline," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 796-800.
    3. Brake, John R. & Melichar, Emanuel, 1977. "Agricultural Finance and Capital Markets," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.
    4. Lee, Warren F. & Rask, Norman, 1976. "Inflation And Crop Profitability: How Much Can Farmers Pay For Land?," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 283820, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Warren F. Lee & Norman Rask, 1976. "Inflation and Crop Profitability: How Much Can Farmers Pay for Land?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(5), pages 984-990.
    Full references (including those not matched with items on IDEAS)

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