Events Calendar

January 2015

Tuesday, 13 Jan 2015

  • Tue, Jan 13, 2015 4:00 pm - 5:30 pm
    368A Heady Hall

    "Linking the Price of Agricultural Land to Use Values and Amenities," with Todd Kuethe, University of Illinois, Urbana-Champaign, Tuesday, January 13, 2015, 4:00-5:30 pm, 368A Heady Hall

    Abstract:  The recent appreciation in agricultural land values across the United States has raised a number of important questions for farmers, farmland owners, lenders, and policy makers. While traditional economic theory suggests that farmland values are determined by the discounted stream of expected returns, previous research has shown that agricultural land values are actually driven by a complex set of factors. This study leverages the unique characteristics of a national land-based USDA survey on farmland values and cash rents to estimate broad, national-level determinants of the market value of cropland and pastureland. Our results support past research findings that indicate farmland values are only partially explained by agricultural returns. We find that multiple nonagricultural attributes of farmland also contribute to the market value.

Friday, 16 Jan 2015

  • Fri, Jan 16, 2015 3:40 am - 5:00 pm
    368A Heady Hall

    "Are Rising College Premiums Capitalized into House Prices?  Evidence from China," with Tracy Turner, Kansas State University, Friday, January 16, 2015, 3:40-5:00 pm

    Abstract:  Many areas in China experienced steeply rising house prices beginning in 2003. We test whether a nationally mandated change in local residency requirements that took effect in that year may have played a role in driving up house prices by tying access to Chinese universities to local homeownership status in the presence of a rising college premium. We generate a novel dataset that combines China university admission data with household and housing market data. We find evidence of capitalization effects and a sizable increase in the likelihood of homeownership in places with preferential access to China’s elite universities.

Wednesday, 21 Jan 2015

Monday, 26 Jan 2015

Tuesday, 27 Jan 2015

Thursday, 29 Jan 2015

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