+ Site Statistics
+ Search Articles
+ PDF Full Text Service
How our service works
Request PDF Full Text
+ Follow Us
Follow on Facebook
Follow on Twitter
Follow on LinkedIn
+ Subscribe to Site Feeds
Most Shared
PDF Full Text
+ Translate
+ Recently Requested

Farm real estate pricing under risk: an empirical investigation



Farm real estate pricing under risk: an empirical investigation



Southern Economic Journal 49(1): 77-87



The purpose of this paper is to explore farm real estate price determination in the context of capital market theory to determine the relationship between the farm real estate market and the market for common stock. The approach should also demonstrate the importance of risk in explaining farm real estate prices. We must address two basic issues, namely, (1) what is the appropriate measure of an asset's risk?, and (2) what is the relationship in equilibrium between this measure of risk and (a) expected returns and (b) asset prices?

Please choose payment method:






(PDF emailed within 0-6 h: $19.90)

Accession: 001077696

Download citation: RISBibTeXText

DOI: 10.2307/1058543


Related references

Lease pricing for farm real estate. Review of agricultural economicsng Summer 22(1): 2-16, 2000

Capital asset pricing and farm real estate. American journal of agricultural economics 62(3): 549-553, 1980

Capital asset pricing and farm real estate: comment. American journal of agricultural economics 63(3): 578-579, 1981

Capital asset pricing and farm real estate: reply. American journal of agricultural economics 63(3): 580-581, 1981

Capital market segmentation and U.S. farm real estate pricing. American Journal of Agricultural Economics 77(2): 397-407, 1995

Revised estimates of non-real-estate farm debt owed to nonreporting creditors, and of total non-real-estate farm debt, 1949-64. 1964

Non-real estate and real estate farm debt held by individuals and others: 1980 benchmark and revisions, 1972-82. ERS staff report United States Dept of Agriculture Economic Research Service: 983 (AGES830519), 1983

Housing, other real estate, and wealth portfolios: An empirical investigation based on the 1983 Survey of Consumer Finances. Regional Science and Urban Economics 19(2): 259-280, 1989

The risk and return of farm real estate and the bad data problem. Agricultural Finance Review 76(1): 140-150, 2016

Homogeneous farm real estate market areas in the U.S.: a multivariate investigation with proposal for classification and analysis. Dissertation Abstracts International, A 37(10): p.6638, 1977

The effect of real estate debt commitments on nonreal estate credit and liquidity of the farm. Ill. agric. Eccn., Urbana, Ill, 9: 1, 1-6, 1969

Investigation of the revenue from taxation of agricultural real estate in the countryside and general taxation of real estate 1957. (Statens Offentliga Utredningar 1963: 14). Undersokning av taxeringsutfallet betraffande jordbruksfastighet pa lands-bygden vid ars allmanna fastighetstaxering, Stockholm, 155, 1963

Asset pricing, spatial linkages and contagion in real estate stocks. Journal of Property Research 35(4): 271-295, 2018

The influence of farm mortgage loan terms on farm real estate values. Southern Journal of Agricultural Economics 7(1): 153-158, 1975

Some evidence on the declining effect of farm consolidation on farm real estate prices. Southern journal of agricultural economics: 9(2) 99-104, 1977