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| Wittenberg, Eric; Harsh, Stephen B.. |
| Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Potential rural residents have increasingly sought open space for a home site and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop it for non-farm uses. Recreational needs such as hunting are often met through use of land. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price, which is a monetary measure of its perceived value. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farmland; Leasing rates; Rents; Land values; Land Economics/Use. |
| Ano: 2009 |
URL: http://purl.umn.edu/90877 |
