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Journal of Agribusiness >
Volume 22, Number 1, Spring 2004 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/59605
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| 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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| S04-04.pdf | | 256Kb | PDF | View/Open |
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