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Valuing farmland with multiple quasi-fixed inputs

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This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.
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Document Type: Research Article

Affiliations: 1: United States Department of Agriculture 1800M Street NW Washington DC 20036-5831 USA 2: Department of Food and Resource Economics at the University of Florida

Publication date: 2004-01-01

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