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Please use this identifier to cite or link to this item: http://purl.umn.edu/59605

Title: Equilibrium of Land Values from Agricultural and General Economic Factors for Cropland and Pasture Capitalization in Georgia
Authors: Flanders, Archie
White, Fred C.
Escalante, Cesar L.
Keywords: capitalization
cash rent
cointegration
equilibrium
error correction mechanism
land values
Issue Date: 2004
Abstract: Nonagricultural factors impact land values to cause a divergence of discounted cash rents for agricultural land and land values in Georgia. General economic factors are represented by per capita income in nonmetro areas. Cash rents for cropland and pasture have positive impacts on land values. Nonagricultural factors are stronger influences on land values than are cash rents. Greater effective demand exists for pasture than for cropland because pasture is subject to relatively more pricing pressure in northern counties with higher incomes and population. Increased land values have led to increased net wealth for Georgia agricultural producers.
URI: http://purl.umn.edu/59605
Identifiers: 0738-8950
Institution/Association: Journal of Agribusiness>Volume 22, Number 1, Spring 2004
Total Pages: 12
From Page: 49
To Page: 60
Collections:Volume 22, Number 1, Spring 2004

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