2011 Michigan Land Values and Leasing Rates

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.


Issue Date:
2011-11
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/119113
Total Pages:
26
Series Statement:
Dept. of Agricultural, Food, and Resource Economics>Agricultural Economic Reports Series
642




 Record created 2017-04-01, last modified 2017-08-26

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