Author: Radwan Ali ShabanPublisher:
ISBN:
Category :
Languages : en
Pages : 446
Book Description
Agricultural Land Tenancy with Endogenous Contracts
Author: Radwan Ali ShabanIncentives and Contract Design
Author: Keita FukunagaPublisher:
ISBN:
Category :
Languages : en
Pages : 244
Book Description
In this dissertation, I have studied farmland lease contracts in U.S. agriculture. Using the data from the 1999 Agricultural Economics and Land Ownership Survey, I investigated the empirical determinants of contract design from the perspective of the principal-agent framework, which emphasizes the role of incentives. In the empirical analyses, I found evidence that incentives indeed play an important role in contract design. In chapter 2, 1 investigated the role of risk, transaction costs, and endogenous matching between the landlord and tenant in contract choice. I found that both risk and transaction costs affect contract choice. Furthermore, I found evidence supporting endogenous matching between the landlord and tenant, and found that the matching is likely to affect contract choice. In chapter 3, I investigated whether contractual externalities exist in farmland lease design in modern U.S. agriculture. I argued that landlords non-cooperatively act and choose contract type due to negative contractual externalities. This leads to inefficient competition between landlords contracting with a given tenant and greater likelihood of cash rental contracts. I found some evidence that contractual externalities indeed exist and are likely to affect contract choice. In chapter 4, I investigated the link between contract choice and landlord participation decision from the perspective of the double-sided moral hazard hypothesis. I found some evidence to support the hypothesis, and furthermore, I found that other factors, including risk and transaction costs, are likely to affect contract choice and landlord participation decision jointly. This dissertation as a whole delivers an important conclusion: in farmland lease contracts in the United States, contract design is not just a matter of designing monetary compensation schemes or reducing transactions costs in accordance with the incentives in bilateral relationships, but involves various incentive devices (e.g., matching between landlords and tenants and landlord's participation in tenant's production decisions) in a way that the landlords can optimally coordinate incentives in multilateral relationships. Compared to the literature on farmland lease contracts that has principally dealt with the problem of designing monetary compensation scheme in bilateral relationships, I conclude that contract design in farmland tenancy related contracting is relatively complex.
Good Practice Guidelines for Agricultural Leasing Arrangements
Author: N. RavenscroftPublisher: Food & Agriculture Org.
ISBN: 9789251046678
Category : Business & Economics
Languages : en
Pages : 80
Book Description
The information in this booklet is designed to assist governments and civil society in understanding how agricultural leasing and related agreements work, and what the advantages are of providing an appropriate framework for equitable arrangements that balance the interests of the parties involved - generally the tenant and the landowner. The guidelines therefore deal with the contextual and policy issues surrounding agricultural leasing, but also focus on providing a practical and up-to-date guide and commentary on those issues that need to be considered by both landlord and tenant when negotiating over the leasing of agricultural land.
Farm Contracts Between Landlord and Tenant
Author: William Collett TichenorPublisher:
ISBN:
Category : Farm law
Languages : en
Pages : 266
Book Description
California Farm Tenancy and Methods of Leasing
Author: Richard Laban AdamsPublisher:
ISBN:
Category : Agricultural contracts
Languages : en
Pages : 56
Book Description
The Farm Lease Contract
Author: L. C. GrayPublisher:
ISBN:
Category : Agricultural contracts
Languages : en
Pages : 40
Book Description
Your farm lease -- Was its full meaning understood before it was signed? Is it fair to both parties? Does it give the tenant a reasonable opportunity to make a comfortable living and to get ahead? Does it require proper and conservative care of the premises leased?Are all desired reservations to the lease made? Are the things stated which each party is to do and to contribute? Does it define the relations hip between landlord and tenant and provide for the settlement of differences of opinion? Does it contain a statement of the procedure to be followed when the relationship of landlord and tenant is to be terminated? Does it contain the following essentials to a legally complete lease? 1. The date it was made. 2. The names and the final signatures of the contracting parties. 3. The period of for which the lease is to run. 4. A description of the property lease. 5. An agreement in respect to the amount of rent to be paid and the time and the place where it is to be paid.
Leasing Agricultural Land
Author: Food and Agriculture Organization of the United NationsPublisher: Food & Agriculture Org.
ISBN: 9789251051672
Category : Business & Economics
Languages : en
Pages : 28
Book Description
This FAO guide contains information on good practice in leasing arrangements, designed for use by grassroots organisations that work with small farmers and others in rural communities, with advice on how this information can be adapted to fit local conditions.
Readings in Development Microeconomics
Author: Pranab K. BardhanPublisher: MIT Press
ISBN: 9780262522830
Category : Developing countries
Languages : en
Pages : 470
Book Description
Volume II of this two-volume set focuses on empirical work.
Drawing Up the Farm Lease
Author: Clarence Leroy HolmesPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 40
Book Description
The Theory of Share Tenancy
Author: Steven N. S. CheungPublisher: Arcadia Press Ltd.
ISBN: 9789628728190
Category : Farm tenancy
Languages : en
Pages : 254
Book Description