Estimation of Historical Returns to Land for Selected Texas Counties and Crop Enterprises
Keywords: farmland, investment
AbstractHistorical returns to investments in farmland were estimated for selected counties and crop enterprises in Texas over the period 1976 to 1990 using data on historical land prices, crop yields, crop prices, and estimated costs of production. The results indicated substantial differences in returns between participation and nonparticipation in government commodity programs. A large number of crop enterprises analyzed did not provide an expected return in excess of the rate on US treasury bills. It was concluded, however, that Texas farmland may offer attractive investment potential for some enterprise combinations in selected Texas counties.
How to Cite
Dodson, C. (2016). Estimation of Historical Returns to Land for Selected Texas Counties and Crop Enterprises. Texas Journal of Agriculture and Natural Resources, 5, 127-140. Retrieved from https://txjanr.agintexas.org/index.php/txjanr/article/view/319