Vyn, Richard J.; Haq, Zahoor Ul; Weerahewa, Jeevika; … - In: Journal of Agricultural and Resource Economics 37 (2012) 2
This study estimates the impact of changes in market returns and government payments on farmland values across Canada …-cyclical relationship between market returns and government payments. The results indicate that farmland values are more responsive to … changes in market returns than in government payments, but both are important drivers of land values. The elasticity of land …