IDEAS home Printed from https://ideas.repec.org/p/ags/sdsusp/232161.html
   My bibliography  Save this paper

Determinants of Farmland Prices During Periods of Rising and Declining Farmland Values

Author

Listed:
  • Janssen, Larry L.
  • Swinson, Cindy R.

Abstract

A study of farmland sales in four South Dakota counties indicated productivity and location variables are important in explaining variation in per acre sale price, while financial variables are not. The same explanatory variables are significant in periods of rising (1979-1980) and declining <1981- 1982) prices but parameter estimates vary significantly between the periods. Over SOX of per acre sale price variation was e : · : p 1 ai ned in both periods. These findings ( 1) support traditional explanations of cross-sectional farmland price variation, and (2) suggest that explanatory factors exert varying pressure on farmland sale prices at different times.

Suggested Citation

  • Janssen, Larry L. & Swinson, Cindy R., 1985. "Determinants of Farmland Prices During Periods of Rising and Declining Farmland Values," Economics Staff Papers 232161, South Dakota State University, Department of Economics.
    • Handle: RePEc:ags:sdsusp:232161
    DOI: 10.22004/ag.econ.232161
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/232161/files/agecon-sdsu-378-783-e38-85-6.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.232161?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Scharlach, Wesley C. & Schuh, G. Edward, 1962. "The Land Market as a Link Between the Rural and Urban Sectors of the Economy," Production Economics Papers 246984, Purdue University, Department of Agricultural Economics.
    2. repec:ags:inpuer:244733 is not listed on IDEAS
    3. Marvin R. Duncan, 1977. "Farm real estate values -- some important determinants," Economic Review, Federal Reserve Bank of Kansas City, vol. 62(Mar), pages 3-12.
    4. Marvin R. Duncan, 1977. "Farm real estate values," Economic Review, Federal Reserve Bank of Kansas City, vol. 62(Jan), pages 13-20.
    5. Herr, William McDaniel, 1975. "The Influence Of Farm Mortgage Loan Terms On Farm Real Estate Values," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(1), pages 1-6, July.
    6. Herr, William McD., 1975. "The Influence of Farm Mortgage Loan Terms on Farm Real Estate Values," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 153-158, July.
    7. David L. Chicoine, 1981. "Farmland Values at the Urban Fringe: An Analysis of Sale Prices," Land Economics, University of Wisconsin Press, vol. 57(3), pages 353-362.
    8. 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).
    9. Wesley C. Scharlach & G. Edward Schuh, 1962. "The Land Market as a Link between the Rural and Urban Sectors of the Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(5), pages 1406-1411.
    10. 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)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Janssen, Larry L. & Haque, Mohammed Z., 1987. "Determining factors in South Dakota Farmland Market Prices 1976-1984," Bulletin 232119, South Dakota State University, Agricultural Experiment Station.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fiske, John Robery, 1983. "The impact of financial constraints on the local price of farm land," ISU General Staff Papers 198301010800008710, Iowa State University, Department of Economics.
    2. Drescher, Klaus & Henderson, Jason R. & McNamara, Kevin T., 2001. "Farmland Price Determinants," 2001 Annual meeting, August 5-8, Chicago, IL 20685, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Sarah, Alobo, 2009. "Value and Premium for Titled Agricultural Land in Uganda," Research Theses 243467, Collaborative Masters Program in Agricultural and Applied Economics.
    4. Janssen, Larry L. & Haque, Mohammed Z., 1987. "Determining factors in South Dakota Farmland Market Prices 1976-1984," Bulletin 232119, South Dakota State University, Agricultural Experiment Station.
    5. Sandrey, Ronald A. & Arthur, Louise M. & Oliveira, Ronald A. & Wilson, W. Robert, 1982. "Determinants Of Oregon Farmland Values: A Pooled Cross-Sectional, Time Series Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-10, December.
    6. Robison, Lindon J. & Koenig, Steven R. & Brake, John R., 1984. "An Analysis of Interest and Principal Payments, Interest Rates and Time in Common and Uncommon Loans Using Present Value Tools," Agricultural Economic Report Series 201338, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Kooti, Ghanbar & Robison, Lindon J., 1982. "Present Value Formulas for Calculating Maximum Bid Prices for Land with Applications for the TI-59 Hand Held Computer," Agricultural Economic Report Series 201302, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    8. Robison, Lindon J. & Burghardt, William G., 1983. "Five Principles for Building Present Value Models and their Application to Maximum (Minimum) Bid (Sell) Price Models for Land," Agricultural Economic Report Series 201327, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    9. Allan, Corey & Kerr, Suzi & Owen, Sally, 2020. "Over-valued or over-looked? A theoretical and empirical investigation of agricultural land values against profitability in Aotearoa New Zealand," Working Paper Series 9129, Victoria University of Wellington, School of Economics and Finance.
    10. Robison, Lindon J. & Koenig, Steven R. & Kelsey, Myron P., 1986. "Maximum (Minimum) Bid (Sell) Price Models for Land When Depreciable Assets are Included in the Transaction," Agricultural Economic Report Series 201364, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    11. Robertson, J. Douglas & Musser, Wesley N. & Tew, Bernard V., 1982. "Lease Versus Purchase Of A Center-Pivot Irrigation System: A Georgia Example," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 14(2), pages 1-6, December.
    12. Clifton, Ivery D. & Spurlock, Stanley R., 1983. "Analysis Of Variations In Farm Real Estate Prices Over Homogeneous Market Areas In The Southeast," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(1), pages 1-8, July.
    13. 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).
    14. Sherrick, Bruce J. & Irwin, Scott H. & Forster, D. Lynn, 1986. "Returns to Capital in Agriculture: A Historical View Using Portfolio Theory," 1986 Annual Meeting, July 27-30, Reno, Nevada 278457, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Feichtinger, Paul & Salhofer, Klaus, 2013. "What Do We Know about the Influence of Agricultural Support on Agricultural Land Prices?," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 62(02), pages 1-15, May.
    16. Feichtinger, Paul & Salhofer, Klaus, 2013. "What Do We Know about the Influence of Agricultural Support on Agricultural Land Prices?," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 62(2).
    17. Richards, Steven T. & Batte, Marvin T. & Brown, Larry C. & Czartoski, Bernie J. & Fausey, Norman R. & Belcher, H.W., 1999. "Economics Of A Wetland-Reservoir Subirrigation System In Northwestern Ohio," 1999 Annual meeting, August 8-11, Nashville, TN 21559, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Allan, Corey & Kerr, Suzi & Owen, Sally, 2020. "Over-valued or over-looked? A theoretical and empirical investigation of agricultural land values against profitability in Aotearoa New Zealand," Working Paper Series 21087, Victoria University of Wellington, School of Economics and Finance.
    19. Flowers, Gwendolyn G., 1983. "An economic analysis of the relation of farm land values and returns," ISU General Staff Papers 198301010800009469, Iowa State University, Department of Economics.
    20. Holt, John, 1979. "Dealing with Risk and Uncertainty in Farming," Staff Paper Series 239307, University of Florida, Food and Resource Economics Department.

    More about this item

    Keywords

    Farm Management; Land Economics/Use;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:sdsusp:232161. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/edsdsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.