agricultural economics, farmland, farm markets, farm real estate
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.
Department of Economics, South Dakota State University
Number of Pages
Janssen, Larry and Swinson, Cindy, "Determinants of Farmland Prices During Periods of Rising and Declining Farmland Values" (1985). Economics Staff Paper Series. 32.