LEADER 04843nam 22007334a 450 001 9910840599503321 005 20230617040820.0 010 $a1-281-45020-0 010 $a9786611450205 010 $a0-470-38499-9 010 $a0-470-38477-8 035 $a(CKB)1000000000687286 035 $a(EBL)353499 035 $a(OCoLC)476175016 035 $a(SSID)ssj0000164820 035 $a(PQKBManifestationID)11165486 035 $a(PQKBTitleCode)TC0000164820 035 $a(PQKBWorkID)10124720 035 $a(PQKB)11608393 035 $a(MiAaPQ)EBC353499 035 $a(EXLCZ)991000000000687286 100 $a20030610d2003 ub 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aGovernment policy and farmland markets$b[electronic resource] $ethe maintenance of farmer wealth /$fCharles B. Moss and Andrew Schmitz 205 $a1st ed. 210 $aAmes, Iowa $cIowa State Press$dc2003 215 $a1 online resource (439 p.) 300 $aPapers presented at a conference entitled: Government policy and farmland markets: implications for the new economy held in May 2002 in Washington, D.C. 311 $a0-8138-2329-3 320 $aIncludes bibliographical references and index. 327 $aGovernment 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 Values 327 $a7 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 Costs 327 $a14 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 Dimensions 327 $a20 Micro-Markets for Farmland: The Case of Florida and California21 Effects of Government Restrictions on Land Ownership: The Saskatchewan Case; Index 330 $aOf 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. 606 $aFarms$xValuation$zUnited States$vCongresses 606 $aFarms$xPrices$zUnited States$vCongresses 606 $aFarms$xGovernment policy$zUnited States$vCongresses 606 $aLand use, Rural$xGovernment policy$zUnited States$vCongresses 606 $aAgriculture and state$zUnited States$vCongresses 606 $aFarmers$zUnited States$xEconomic conditions$vCongresses 606 $aUrbanization$zUnited States$vCongresses 615 0$aFarms$xValuation 615 0$aFarms$xPrices 615 0$aFarms$xGovernment policy 615 0$aLand use, Rural$xGovernment policy 615 0$aAgriculture and state 615 0$aFarmers$xEconomic conditions 615 0$aUrbanization 676 $a338.1/0973 676 $a338.10973 701 $aMoss$b Charles B$g(Charles Britt)$0952437 701 $aSchmitz$b Andrew$0326689 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910840599503321 996 $aGovernment policy and farmland markets$92153169 997 $aUNINA