Lease Pricing for Farm Real Estate
Year: 2000
Type: article
Abstract: A lease pricing model for farm land is developed that is consistent with traditional leasing principles and allows greater flexibility in determining crop share levels either separately or in combination with a fixed cash payment. The share levels are linked to the farm's soil productivity, the costs of each party's resource contributions, and their respective cost structures. The resulting menu of lease prices can enhance the equitability of leasing contracts, expand the range of contract choices, promote mutual incentives for the leasing parties, and heighten the efficiency of leasing markets through greater standardization of leases.
Source: Review of Agricultural Economics
Institution: University of Illinois Urbana-Champaign
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Zero hunger
Open Access status: green
OpenAlex ID: W2070176435