Ebook: Government Policy and Farmland Markets: The Maintenance of Farmer Wealth

Of immeasurable value to lenders, agricultural economists, and a host of agribusinesses this unique volume brings together leading farmland authorities in the United States and Canada to examine the economic determinants of land value and the consequences of change in land values.

As the most basic factor of production in the agricultural enterprise, farmland dominates the agricultural balance sheet, accounting for an average of 70% of all agricultural assets. The authors of this timely book provide expert analysis and review of this subject.Content:
Chapter 1 Farmland Markets in the Development of U.S. Agriculture (pages 1–13): Willard W. Cochrane
Chapter 2 Disaggregating Farmland Markets (pages 15–25): Philip M. Raup
Chapter 3 Farmland Markets: Historical Perspectives and Contemporary Issues (pages 27–49): Bruce J. Sherrick and Peter J. Barry
Chapter 4 The Economics and Politics of Farmland Values (pages 51–79): Andrew Schmitz and Richard E. Just
Chapter 5 U.S. Commodity Policies and Land Values (pages 81–95): Bruce Gardner
Chapter 6 Explaining Regional Differences in the Capitalization of Policy Benefits into Agricultural Land Values (pages 97–114): Barry K. Goodwin, Ashok K. Mishra and Francois N. Ortalo?Magne
Chapter 7 Do Direct Payments Have Inter?Temporal Effects on U.S. Agriculture? (pages 115–139): Terry Roe, Agapi Somwaru and Xinshen Diao
Chapter 8 Economies of Farm Size, Government Payments, and Land Costs (pages 141–156): Luther Tweeten and Jeffrey Hopkins
Chapter 9 Capital Markets, Land Values, and Boom?Bust Cycles (pages 157–178): Allen M. Featherstone and Charles B. Moss
Chapter 10 Hysteresis and the Value of Farmland: A Real?Options Approach to Farmland Valuation (pages 179–207): Calum Turvey
Chapter 11 The Certainty Equivalence of Farmland Values: 1910 to 2000 (pages 209–222): Charles B. Moss, J.S. Shonkwiler and Andrew Schmitz
Chapter 12 Cash Rents, Imputed Returns, and the Valuation of Farmland Revisited (pages 223–235): Kenneth Erickson, Ashok K. Mishra and Charles B. Moss
Chapter 13 On the Dynamics of Land Markets Under Transaction Costs (pages 237–253): Jean?Paul Chavas
Chapter 14 Spectral Evidence on the Investment Horizon and Transaction Costs for Present?Value Models of Iowa Farmland Prices (pages 255–264): Douglas J. Miller
Chapter 15 Using Threshold Autoregressions to Model Farmland Prices Under Transaction Costs and Variable Discount Rates (pages 265–282): Sergio H. Lence
Chapter 16 Local Land Markets and Agricultural Preservation Programs (pages 283–302): Lori Lynch and Sabrina J. Lovell
Chapter 17 Efficiency, Equity, and Farmland Protection: An Economic Perspective (pages 303–317): Lawrence W. Libby
Chapter 18 Urban Influence: Effects on U.S. Farmland Markets and Value (pages 319–341): Charles Barnard, Keith Wiebe and Vince Brenemanl
Chapter 19 Rural Amenities and Farmland Values (pages 343–364): Lawrence W. Libby and Elena G. Irwin
Chapter 20 Micro?Markets for Farmland: The Case of Florida and California (pages 365–390): John E. Reynolds and Warren Johnston
Chapter 21 Effects of Government Restrictions on Land Ownership: The Saskatchewan Case (pages 391–406): Jared Carlberg and Hartley Furtan