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| Title: | 2009 Michigan Land Values and Leasing Rates |
| Authors: | Wittenberg, Eric
Harsh, Stephen B. |
| Authors (Email): | Wittenberg, Eric (wittenbe@msu.edu)
Harsh, Stephen (harsh@msu.edu) |
| Keywords: | Farmland
Leasing rates
Rents
Land values |
| Issue Date: | 2009-12 |
| Series/Report no.: | Dept. of Agricultural, Food, and Resource Economics>Agricultural Economic Reports Series
638 |
| Abstract: | Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Potential rural residents have increasingly sought open space for a home site and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop it for non-farm uses. Recreational needs such as hunting are often met through use of land. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price, which is a monetary measure of its perceived value. |
| URI: | http://purl.umn.edu/90877 |
| Institution/Association: | Michigan State University>Dept. of Agricultural, Food, and Resource Economics>Agricultural Economic Reports Series |
| Total Pages: | 26 |
| Collections: | Agricultural Economic Report Series
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Files in This Item:
| File |
Description |
Size | Format |
|---|
| 2009 MI Land Values & Leasing Rates No 638.pdf | | 122Kb | PDF | View/Open |
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