The Effects of Macroeconomic Policy on Farmland Value PDF Download

Author: Alan D. Barkema
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 102

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Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 8

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Author: Alan Dean Barkema
Publisher:
ISBN:
Category :
Languages : en
Pages : 500

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Author:
Publisher:
ISBN:
Category : Agricultural conservation
Languages : en
Pages : 8

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Author: Charles Moss
Publisher: John Wiley & Sons
ISBN: 0470384778
Category : Technology & Engineering
Languages : en
Pages : 439

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Of immeasurable value to lenders, agricultural economists, and a host of agribusinesses this unique volume brings together leading farmland authorities in the United States and Canada to examine the economic determinants of land value and the consequences of change in land values. As the most basic factor of production in the agricultural enterprise, farmland dominates the agricultural balance sheet, accounting for an average of 70% of all agricultural assets. The authors of this timely book provide expert analysis and review of this subject.

Author: A. B. Stoeckel
Publisher: Duke University Press
ISBN: 9780822309284
Category : Business & Economics
Languages : en
Pages : 406

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Agricultural protectionism is a basic factor underlying the U.S. trade deficit, Third World debt, and global underemployment. Yet despite the seriousness of the problem and attention given to it by many researchers, little progress has been made in formulating and implementing policies to deal with it. The scholars and experts here assembled present for the first time a quantification and analysis of the impact upon the world economy of reduction or elimination of agricultural protectionism. They question why, give the magnitude of the problem, inferior policies endure despite the weight of evidence that they have failed. The answer they derive is that there is no general understanding of the true cost of the failure, and therefore it is necessary to initiate reform from outside agricultural circles.

Author: David Edmund Broomhall
Publisher:
ISBN:
Category : Farms
Languages : en
Pages : 296

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Author: Richard E. Just
Publisher: World Bank Publications
ISBN:
Category : Agriculture
Languages : en
Pages : 39

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Countries that trade in agricultural commodities with the United States need to sort out the effect of U.S. macroeconomic policy on U.S. agriculture. This report describes the results of simulating the effects of U.S. macro policy on U.S. agriculture.

Author: Meri Davlasheridze
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Time-series methods are used to investigate farmland price dynamics in the United States (aggregate) as well as seven large agricultural states: California, Georgia, Iowa, Kansas, New York, Ohio and Texas. Vector Autoregressive Analysis (VAR) and Directed Acyclic Graph (DAG) methodology are used to unveil the contemporaneous and dynamic relationship of farmland values with four other variables commonly cited in farmland literature: real returns to farm assets, farm acreage, debt-to-asset ratio and interest rates. As empirical findings from DAG of all seven states and US aggregate analysis suggest, farmland values are greatly dictated by the financial condition of farm businesses (debt-to-asset ratio) as well as macroeconomic condition of the United States (interest rates) in contemporaneous times. An indirect effect of the fundamental contributor (returns to farm assets) via debt-to-asset ratio has also been discovered. Impulse Response Functions and Forecast Error Variance Decomposition as an alternative VAR tool agree with the findings of DAG when looked at the short term horizon. This specifically indicates farmland price dependence on debt-to-asset ratio and its lagged values, through time macroeconomic condition (interest rates) affects Farmland Prices with a further effect on Returns to Farm Assets. New York, California and Texas have exhibited slightly different patterns as compared to the other four states and US aggregate results. Farmland prices in New York are greatly dictated by interest rates, by debt-to-asset ratio in California and have exhibited particular exogeneity in Texas regardless of time horizon. Consistency in farmland price behavior in individual states and in the USA aggregate provides a strong basis to generalize finding over the other states. Consideration of other factors relevant to individual states should be considered to generate better explanations for some of the unexplained portion of my research. These might include, but are certainly not limited to, rapid urban expansion and commercial development in highly urbanized states, the impact of cattle farming and energy sector in Texas.

Author: Romeo M. Bautista
Publisher: Intl Food Policy Res Inst
ISBN: 0896291332
Category : Business & Economics
Languages : en
Pages : 156

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This report investigates the income and equity effects of macroeconomic policy reforms in Zimbabwe, emphasizing linkages between macroeconomic policies and agricultural performance and agriculture's influence on aggregate income and its distribution. Analyses focus on reform of the foreign trade regime, public expenditure, and tax policy, along with the potential benefits of combining these structural changes with various land reform scenarios. The study uses a CGE model that provides a policy simulation laboratory in which exogenous policy changes are analyzed for their economywide income and equity effects.The report highlights the need for policy complementarities in Zimbabwe that can contribute to equitable growth. It should be of interest not only to those concerned with recent economic developments in Zimbabwe but also to those concerned with the broader issues of macroeconomic reform and its ultimate effects.