Farmland lease decisions in a life‐cycle model
Abstract
Optimization procedures are used to investigate economic motivations of farmland lease arrangements in an intertemporal setting and to explore linkages among lease contracts, risk, and time attitudes, and their impact on farm performance. The model solutions suggest farm businesses can be effectively analyzed in a life‐cycle model in which farmland tenure, production, financing, and investment decisions are jointly optimized. The operator’s degree of risk aversion and time attitudes are shown to affect farm business decisions and performance.
Keywords
Citation
Boumtje, P.I., Barry, P.J. and Ellinger, P.N. (2001), "Farmland lease decisions in a life‐cycle model", Agricultural Finance Review, Vol. 61 No. 2, pp. 167-179. https://doi.org/10.1108/00214810180001122
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited