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Empirical Economics

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01-08-2014

Farmland returns and economic conditions: a FAVAR approach

Authors: Todd H. Kuethe, Todd Hubbs, Mitch Morehart

Published in: Empirical Economics | Issue 1/2014

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Abstract

This study examines the linkages between farmland returns and other market forces including the returns to alternative investments, agricultural sector activity, non-farm real estate, and macroeconomic conditions over the period 1973–2008. The study applies factor-augmented vector autoregression to extract information from a large panel of economic time series. Results suggest that farmland returns are influenced by common trends in the returns to alternative investments and general macroeconomic conditions.

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Title: Farmland returns and economic conditions: a FAVAR approach
Authors: Todd H. Kuethe
Todd Hubbs
Mitch Morehart
Publication date: 01-08-2014
Publisher: Springer Berlin Heidelberg
Published in: Empirical Economics / Issue 1/2014
Print ISSN: 0377-7332
Electronic ISSN: 1435-8921
DOI: https://doi.org/10.1007/s00181-013-0730-5

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