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2011 Michigan Land Values and Leasing Rates

Author

Listed:
  • Wittenberg, Eric
  • Harsh, Stephen B.

Abstract

Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Potential rural residents have increasingly sought open space for a home site and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop it for non-farm uses. Recreational needs such as hunting are often met through use of land. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price, which is a monetary measure of its perceived value.

Suggested Citation

  • Wittenberg, Eric & Harsh, Stephen B., 2011. "2011 Michigan Land Values and Leasing Rates," Agricultural Economic Report Series 119113, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midaae:119113
    DOI: 10.22004/ag.econ.119113
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