Four Econometric Models of the U. S. Farmland Market: An Updating with Comparisons

摘要

This paper reexamines four econometric models of the U.S. farmland market to test their validity over different and more recent time periods. Updating these models appears not to be fruitful. If econometric analysis is to play a role in analysis of the farmland market, it will probably be effective only in local areas where productive factors and responses to them are reasonably homogeneous, rather than within a national aggregated market for U.S. farmland.