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Abstract
This paper examines the preferred
share arrangement for both
landlords and tenants producing
grain in the Texas High Plains
(based on risk preference), and
determines the sensitivity to
changing input costs and market
prices. Results of the analyses show
that tenants and landlords prefer
different arrangements in all
scenarios. Results also indicate that
a tenant would prefer a different
lease arrangement in 2008 than in
2005, while the landlord’s preference
would remain unchanged.