04843nam 22007334a 450 991084059950332120230617040820.01-281-45020-097866114502050-470-38499-90-470-38477-8(CKB)1000000000687286(EBL)353499(OCoLC)476175016(SSID)ssj0000164820(PQKBManifestationID)11165486(PQKBTitleCode)TC0000164820(PQKBWorkID)10124720(PQKB)11608393(MiAaPQ)EBC353499(EXLCZ)99100000000068728620030610d2003 ub 0engur|n|---|||||txtccrGovernment policy and farmland markets[electronic resource] the maintenance of farmer wealth /Charles B. Moss and Andrew Schmitz1st ed.Ames, Iowa Iowa State Pressc20031 online resource (439 p.)Papers presented at a conference entitled: Government policy and farmland markets: implications for the new economy held in May 2002 in Washington, D.C.0-8138-2329-3 Includes bibliographical references and index.Government Policy and FARMLAND MARKETS; Contents; Contributors; Acknowledgments; Foreword; Section I: Historical Perspectives on Farmland Values; 1 Farmland Markets in the Development of U.S. Agriculture; 2 Disaggregating Farmland Markets; 3 Farmland Markets: Historical Perspectives and Contemporary Issues; Section II: Government Policies and Farmland Values; 4 The Economics and Politics of Farmland Values; 5 U.S. Commodity Policies and Land Values; 6 Explaining Regional Differences in the Capitalization of Policy Benefits into Agricultural Land Values7 Do Direct Payments Have Inter-Temporal Effects on U.S. Agriculture?8 Economies of Farm Size, Government Payments, and Land Costs; Section III: Capital Markets and Farmland Values; 9 Capital Markets, Land Values, and Boom-Bust Cycles; 10 Hysteresis and the Value of Farmland: A Real-Options Approach to Farmland Valuation; 11 The Certainty Equivalence of Farmland Values: 1910 to 2000; 12 Cash Rents, Imputed Returns, and the Valuation of Farmland Revisited; Section IV: Transaction Costs and Farmland Values; 13 On the Dynamics of Land Markets under Transaction Costs14 Spectral Evidence on the Investment Horizon and Transaction Costs for Present-Value Models of Iowa Farmland Prices15 Using Threshold Autoregressions to Model Farmland Prices under Transaction Costs and Variable Discount Rates; Section V: Urbanization, Environmental Quality, and Farmland Values; 16 Local Land Markets and Agricultural Preservation Programs; 17 Efficiency, Equity, and Farmland Protection: An Economic Perspective; 18 Urban Influence: Effects on U.S. Farmland Markets and Value; 19 Rural Amenities and Farmland Values; Section VI: Regional and International Dimensions20 Micro-Markets for Farmland: The Case of Florida and California21 Effects of Government Restrictions on Land Ownership: The Saskatchewan Case; IndexOf immeasurable value to lenders, agricultural economists, and a host of agribusinesses this unique volume brings together leading farmland authorities in the United States and Canada to examine the economic determinants of land value and the consequences of change in land values. As the most basic factor of production in the agricultural enterprise, farmland dominates the agricultural balance sheet, accounting for an average of 70% of all agricultural assets. The authors of this timely book provide expert analysis and review of this subject.FarmsValuationUnited StatesCongressesFarmsPricesUnited StatesCongressesFarmsGovernment policyUnited StatesCongressesLand use, RuralGovernment policyUnited StatesCongressesAgriculture and stateUnited StatesCongressesFarmersUnited StatesEconomic conditionsCongressesUrbanizationUnited StatesCongressesFarmsValuationFarmsPricesFarmsGovernment policyLand use, RuralGovernment policyAgriculture and stateFarmersEconomic conditionsUrbanization338.1/0973338.10973Moss Charles B(Charles Britt)952437Schmitz Andrew326689MiAaPQMiAaPQMiAaPQBOOK9910840599503321Government policy and farmland markets2153169UNINA