Data/hora: 12/06/2024 08:00:01

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | EVALUATING FARMLAND INVESTMENTS CONSIDERING DYNAMIC STOCHASTIC RETURNS AND FARMLAND PRICES
Autores: | Schnitkey,   Gary D.; Taylor,   C. Robert; Barry,   Peter J.
Data: | 2003-12-24
Ano: | 1989
Palavras-chave: | Land Economics/Use.
Resumo: | This paper examines farmland investment decisions using a stochastic dynamic programming framework.  Consideration is given to the dynamic, stochastic nature of farmland returns, linkages between farmland returns and farmland prices, and the effects of the above dynamic factors on a farm’s financial structure.  Optimal decisions to purchase or sell farmland are found for a central Illinois farm with high quality farmland.  Sizes and debt distributions are then determined, given that the optimal decision rule is followed.  Decisions from the dynamic programming model also are compared to a capital budgeting model.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

11779

http://purl.umn.edu/32457

Editor: | AgEcon Search
Relação: | Western Journal of Agricultural Economics&gt;Volume 14, Number 01, July 1989

Formato:

14

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