Published online by Cambridge University Press: 10 May 2017
In recent years, the topic of land prices has received considerable attention in the literature. Part of the interest stems from the importance of land as a factor of production in agriculture. Land prices have a direct influence on the ability of young farmers to operate and expand their operations. Thus, the interest in land prices by farmers, bankers and input suppliers is easily understood.
The research upon which this article is based was performed while the authors were Graduate Research Assistant and Assistant Professor, respectively, Department of Agricultural Economics, Cornell University.