|
AgEcon Search >
Western Journal of Agricultural Economics >
Volume 09, Number 02, December 1984 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/32131
|
| Title: | FARMLAND PRICE BEHAVIOR AND CREDIT ALLOCATION |
| Authors: | Shalit, Haim
Schmitz, Andrew |
| Issue Date: | 1984-12 |
| Abstract: | A model of farmland accumulation analyzes the impact of credit allocation and the level of debt on farmland prices. The model stresses the importance of the real net wealth accumulated by the farming sector on the lending procedures for farmland purchases. It is shown that credit allocated on the basis of wealth not only increases farmland prices but also destabilizes them. The paper presents the model of individual accumulation to derive the farmland price equation whose dynamic properties are analyzed. A study of U.S. farmland data supports the theoretical results. |
| URI: | http://purl.umn.edu/32131 |
| Institution/Association: | Western Journal of Agricultural Economics>Volume 09, Number 02, December 1984 |
| Total Pages: | 11 |
| Language: | English |
| From Page: | 303 |
| To Page: | 313 |
| Collections: | Volume 09, Number 02, December 1984
|
Files in This Item:
| File |
Size | Format |
|---|
| 09020303.pdf | 723Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
