Miranowski, John

American Journal of Agricultural Economics Vol. 75 no. 1 (February 1993): 156-168.

A structural framework for the analysis of factors influencing farmland prices is presented. This land price model considers the multi-dimensional impact of inflation on capital-erosion, savings-return erosion and real debt reduction as well as variations in the opportunity cost of capital. Inflation rates and changes in real returns on alternative uses of capital significantly influence farmland price movements.