000150408 001__ 150408
000150408 005__ 20180122225427.0
000150408 041__ $$aen_US
000150408 084__ $$aD22
000150408 084__ $$aQ12
000150408 084__ $$aD3
000150408 245__ $$aDoes proprietor wealth influence small business decisions?  Land appreciation and farm business borrowing, land ownership, and output
000150408 260__ $$c2013
000150408 269__ $$a2013
000150408 270__ $$mjeweber@ers.usda.gov$$pWeber,   Jeremy G.
000150408 270__ $$mnkey@ers.usda.gov$$pKey,   Nigel
000150408 300__ $$a48
000150408 336__ $$aConference Paper/ Presentation
000150408 520__ $$aWe study how increases in wealth from the appreciation of U.S. farmland influenced farm proprietor decisions to borrow, buy land, and expand. Exploiting periods of high and low appreciation that caused different increases in wealth for proprietors owning a larger or smaller share of their farmland, we find that each dollar increase in paper wealth led younger proprietors to increase real-estate-secured borrowing by 48 cents. Land purchases accompanied the increase in borrowing, supporting the view that collateral-based lending may be contributing to the recent run-up in farmland prices. We find no effect of land wealth on production or acres harvested.
000150408 542__ $$fLicense granted by Elizabeth Hilber (hilb0033@umn.edu) on 2013-06-06T17:16:15Z (GMT):

<center>  <h2> Deposit Agreement </h2> </center>
I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;).
I represent that the work is original and that I either own all rights of copyright 
or have the right to deposit the copy in a digital archive such as AgEcon Search. 
I represent that in regard to any non-original material included in the Work I have
secured written permission of the copyright owner (s) for this use or believe this 
use is allowed by law. I further represent that I have included all appropriate 
credits and attributions. I hereby grant the Regents of the University of Minnesota
(&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, 
and distribute the Work, in whole or in part, for the purposes of security, preservation,
and perpetual access. I grant the University a limited, non-exclusive right to make
derivative works for the purpose of migrating the Work to other media or formats in
order to preserve access to the Work. I do not transfer or intend to transfer any 
right of copyright or other intellectual property to the University. If the Deposit 
Agreement is executed by the Author�s Representative, the Representative shall separately
execute the following representation: I represent that I am authorized by the Author
to execute this Deposit Agreement on behalf of the Author.

000150408 650__ $$aAgribusiness
000150408 650__ $$aCommunity/Rural/Urban Development
000150408 650__ $$aLand Economics/Use
000150408 6531_ $$awealth
000150408 6531_ $$aasset appreciation
000150408 6531_ $$afarmland
000150408 6531_ $$aborrowing
000150408 700__ $$aWeber,   Jeremy G.
000150408 700__ $$aKey,   Nigel D.
000150408 773__ $$d2013
000150408 8564_ $$s1219367$$uhttp://ageconsearch.umn.edu/record/150408/files/Land%20appreciation%20and%20wealth%20AAEA.pdf
000150408 887__ $$ahttp://purl.umn.edu/150408
000150408 909CO $$ooai:ageconsearch.umn.edu:150408$$pGLOBAL_SET
000150408 912__ $$nSubmitted by Elizabeth Hilber (hilb0033@umn.edu) on 2013-06-06T17:18:36Z
No. of bitstreams: 1
Land appreciation and wealth AAEA.pdf: 1219367 bytes, checksum: 841f4ffdfc252097cec05ca3ed0ec796 (MD5)
000150408 912__ $$nMade available in DSpace on 2013-06-06T17:18:38Z (GMT). No. of bitstreams: 1
Land appreciation and wealth AAEA.pdf: 1219367 bytes, checksum: 841f4ffdfc252097cec05ca3ed0ec796 (MD5)
  Previous issue date: 2013
000150408 980__ $$a325
000150408 982__ $$gAgricultural and Applied Economics Association>2013 Annual Meeting, August 4-6, 2013, Washington, D.C.