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1984

Finance

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Full-Text Articles in Other Economics

Implicit Prices Of Soil Characteristics For Farmland In Iowa, John A. Miranowski, Brian D. Hammes Dec 1984

Implicit Prices Of Soil Characteristics For Farmland In Iowa, John A. Miranowski, Brian D. Hammes

Economics Publications

Arguments have long persisted that purchasers pay too much for poor land (i.e., less productive, more erosive) relative to the higher quality counterpart. In other words, purchasers are either irrational or poorly in- formed relative to the differences in land productivity between poor and good farmland. Similar arguments have been advanced concerning the willingness-to-pay rent on the part of tenant operators.