Valuing farmland with multiple quasi-fixed inputs

Ashok K. Mishra; Charles B. Moss; Kenneth Erickson

doi:10.1080/0003684042000266847

Valuing farmland with multiple quasi-fixed inputs

Ashok K. Mishra
, Charles B. Moss
, Kenneth Erickson

Research output: Contribution to journal › Article › peer-review

12 Scopus citations

Abstract

This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.

Original language	English (US)
Pages (from-to)	1669-1675
Number of pages	7
Journal	Applied Economics
Volume	36
Issue number	15
DOIs	https://doi.org/10.1080/0003684042000266847
State	Published - Aug 20 2004
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/0003684042000266847

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title = "Valuing farmland with multiple quasi-fixed inputs",

abstract = "This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.",

author = "Mishra, \{Ashok K.\} and Moss, \{Charles B.\} and Kenneth Erickson",

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AU - Erickson, Kenneth

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N2 - This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.

AB - This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential existence of multiple quasi-fixed assets is explicitly modelled, the shadow value of farmland approaches reported cash rental values.

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UR - https://www.scopus.com/pages/publications/4043104038#tab=citedBy

U2 - 10.1080/0003684042000266847

DO - 10.1080/0003684042000266847

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VL - 36

SP - 1669

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JO - Applied Economics

JF - Applied Economics

IS - 15

ER -

Valuing farmland with multiple quasi-fixed inputs

Abstract

ASJC Scopus subject areas

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