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This article develops a theoretical model of farmland valuation that explicitly accounts for three effects of urban sprawl: conversion of farmland to urban uses, effect on agricultural returns, and speculative effect as represented by the probability of farmland conversion. This model is...
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This paper uses an entropy-based information approach to determine if farmland values are more closely associated with urban pressure or farm income. The basic question is: how much information on changes in farm real estate values is contained in changes in population versus changes in returns...
Persistent link: https://www.econbiz.de/10010544657
The valuation of farmland is a perennial issue for agricultural policy, given its importance in the farm investment portfolio. Despite the significance of farmland values to farmer wealth, prediction remains a difficult task. This study develops a dynamic information measure to examine the...
Persistent link: https://www.econbiz.de/10008727904
This paper uses an entropy-based information approach to determine if farmland values are more closely associated with urban pressure or farm income. The basic question is: how much information on changes in farm real estate values is contained in changes in population versus changes in returns...
Persistent link: https://www.econbiz.de/10008727918
The sweetener market in the United States is complicated because of the substitution possibilities between high fructose corn syrup (HFCS) and sugar. This study focuses on the relationship between raw sugar prices and the prices for high fructose corn syrup. Sugar and HFCS are imperfect...
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