Lohano, Heman D.; King, Robert P. - In: Canadian Journal of Agricultural Economics/Revue … 57 (2009) 4, pp. 575-600
"This paper develops a multiperiod investment portfolio model that includes risky farmland, risky and risk-free nonfarm assets, and debt financing on farmland in the presence of transaction costs and credit constraints. The model is formulated as a stochastic continuous-state dynamic programming...