CONTRACT CHOICE SELECTION WITH LAND-LEASING AGREEMENTS
This study tests cropland contract hypotheses utilizing a landlord data set. Ordered probit and classical regression models are estimated and presented identifying factors that affect the contract type selection and terms. Results suggest credit constraints are a viable land-leasing hypothesis. Risk aversion, managerial ability, and social capital are also supported.
Year of publication: |
2001
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Authors: | Rainey, Ronald L. ; Dixon, Bruce L. ; Ahrendsen, Bruce L. ; Parsch, Lucas D. ; Bierlen, Ralph W. |
Institutions: | Agricultural and Applied Economics Association - AAEA |
Keywords: | Land Economics/Use |
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