A TRANSACTION COST ECONOMICS AND PROPERTY RIGHTS THEORY APPROACH TO FARMLAND LEASE PREFERENCES

Moss, Leeann E.; Barry, Peter J.; Schnitkey, Gary D.; Westgren, Randall E.

doi:10.22004/ag.econ.20537

A TRANSACTION COST ECONOMICS AND PROPERTY RIGHTS THEORY APPROACH TO FARMLAND LEASE PREFERENCES

Moss, Leeann E. ; Barry, Peter J. ; Schnitkey, Gary D. ; Westgren, Randall E.

Numerous theoretical approaches to farmland leasing contract choice have been developed with little consistent empirical support, particularly for the Corn Belt. A unique theoretical approach to explaining farmers' lease preferences is presented, using a combination of transaction cost economics and property rights theory. Results demonstrate that both transactional and certain producer characteristics are important motivators of contract choice.

Subject(s):

Land Economics/Use

Issue Date:

2001

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.20537

Record Identifier:

https://ageconsearch.umn.edu/record/20537

PURL Identifier:

http://purl.umn.edu/20537