| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A REPRESENTATIVE MARKET MODEL OF FARMLAND BID PRICES
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| Autores: |
Pederson, Glenn D.
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| Data: |
2003-12-29
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| Ano: |
1982
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| Palavras-chave: |
Land Economics/Use
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| Resumo: |
A land bid-price model is formulated which integrates asset pricing models form prior studies to illustrate the singular and joint effects of ordinary and capital gains taxes, growth of returns, diseconomies of size, and risk behavior on farmland prices. An application of the model to primary data from cash grains farms illustrates that the ceteris paribus effect of increased marginal tax rates on a perpetual, growing income stream is to increase its present value. Larger farms in higher marginal tax brackets are shown to have a competitive advantage over smaller, lower tax bracket farms.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
11810
http://purl.umn.edu/32271
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| Editor: |
AgEcon Search
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| Relação: |
Western Journal of Agricultural Economics>Volume 07, Number 02, December 1982
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| Formato: |
14
application/pdf
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