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Full-Text Articles in Social and Behavioral Sciences
Determinants Of Farmland Prices During Periods Of Rising And Declining Farmland Values, Larry Janssen, Cindy Swinson
Determinants Of Farmland Prices During Periods Of Rising And Declining Farmland Values, Larry Janssen, Cindy Swinson
Economics Staff Paper Series
A study of farmland sales in four South Dakota counties indicated productivity and location variables are important in explaining variation in per acre sale price, while financial variables are not. The same explanatory variables are significant in periods of rising (1979-1980) and declining (1981- 1982) prices but parameter estimates vary significantly between the periods. Over 80% of per acre sale price variation was explained in both periods. These findings support traditional explanations of cross-sectional farmland price variation, and (2) suggest that explanatory factors exert varying pressure on farmland sale prices at different times.
South Dakota Farmland Market Trends - Current And Future Research, Larry Janssen
South Dakota Farmland Market Trends - Current And Future Research, Larry Janssen
Economics Staff Paper Series
Agriculture land market trends are of considerable interest to many people - farm managers landowners, realtors, prospective buyers and sellers of farm real estate, loan officers, agribusiness managers, public officials and the general public. Interest and concern about farmland market trends intensifies during periods of rapid increases or decreases in land prices. Both of these events have occurred since 1971. For South Dakota, average per acre farmland values increased 345% from 1971 to 1982 ($85 to $291) . Since late 1981 and early 1982, farmland prices have steadily declined in most regions of South Dakota - reflecting sharply reduced profits …