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Lease Pricing for Farm Real EstatePeter J. BarryUniversity of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics Lee-Ann M. Mossaffiliation not provided to SSRN Narda L. SotomayorUniversity of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics Cesar L. EscalanteUniversity of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics Review of Agricultural Economics, Vol. 22, Issue 1, Spring 2000 Abstract: A lease pricing model for farm land is developed that is consistent with traditional leasing principles and allows greater flexibility in determining crop share levels either separately or in combination with a fixed cash payment. The share levels are linked to the farm's soil productivity, the costs of each party's resource contributions, and their respective cost structures. The resulting menu of lease prices can enhance the equitability of leasing contracts, expand the range of contract choices, promote mutual incentives for the leasing parties, and heighten the efficiency of leasing markets through greater standardization of leases.
JEL Classification: Q15 Accepted Paper SeriesDate posted: August 10, 2000Suggested CitationContact Information
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