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Leasing Farmland in the United States

Author

Listed:
  • Rogers, Denise M.

Abstract

Land leasing plays a vital role in U.S. agriculture, allowing landlords to receive monetary returns from land they do not wish to operate, and allowing tenants to acquire use rights to land. Agricultural leasing is no longer seen as a temporary step toward full ownership, but as an effective way to gain control of land resources. Leasing can be used to expand or contract the farm operation, to conserve limited capital for financing farm operations, to enhance management flexibility, and to reduce risk. This report examines the extent of agricultural leasing, the characteristics of owners who lease land to others, and the nature of leasing arrangements. It is based on the data file of the 1988 Agricultural Economics and Land Ownership Survey (AELOS), a follow-on to the 1987 Census of Agriculture. AELOS provides information on the ownership of land held by operators and nonoperators of farms.

Suggested Citation

  • Rogers, Denise M., 1991. "Leasing Farmland in the United States," Staff Reports 278610, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278610
    DOI: 10.22004/ag.econ.278610
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    Cited by:

    1. Huffman, Wallace E & Just, Richard E, 2004. "Implications of Agency Theory for Optimal Land Tenure Contracts," Economic Development and Cultural Change, University of Chicago Press, vol. 52(3), pages 617-642, April.
    2. Pieper, Charles A. & Harl, Neil E., 2000. "Iowa Farmland Ownership & Tenure 1982-1997: A Fifteen-Year Perspective," Staff General Research Papers Archive 4010, Iowa State University, Department of Economics.
    3. Wiebe, Keith D., 2003. "Linking Land Quality, Agricultural Productivity, And Food Security," Agricultural Economic Reports 34073, United States Department of Agriculture, Economic Research Service.

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