Brazil farmland price volatility in distinct production regions

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Show simple item record Wohlenberg, Emerson 2014-04-28T18:50:37Z 2014-04-28T18:50:37Z 2014-04-28
dc.description.abstract Land is a fundamental input in agricultural production and the factors affecting land prices are an important topic in agricultural economics research. The farmland market has several unique characteristics. Land price volatility can be a source of problems for farmers and investors, especially in periods of falling prices in locations far from markets where the impact of land price reductions is higher than in other locations. This study analyzes land price volatility in different geographical regions of Brazil. The hypothesis is that variation in land price increases with the distance to the market, indicating that land price changes will be more pronounced in areas far from markets and the effects of price cycles in land markets will increase as distance from the market increases. The results obtained in this research support the hypothesis that areas far from end markets are exposed to greater changes in land prices and those same areas are more susceptible to price cycles. The effect on price volatility was also stronger in periods of land price declines. These regions have greater incentives for expansion and investment in periods of land price increase and greater risks of disinvestment and failure in periods of land price contraction. It is difficult to predict when a cycle of expansion or crisis will start or finish, but the present study helps to understand the effects of increases or decreases in land prices when such an event occurs. en_US
dc.language.iso en_US en_US
dc.publisher Kansas State University en
dc.subject Brazil en_US
dc.subject Price volatility en_US
dc.subject Land price en_US
dc.subject Logistics en_US
dc.subject Distance to market en_US
dc.subject Von Thuen Theory en_US
dc.title Brazil farmland price volatility in distinct production regions en_US
dc.type Thesis en_US Master of Agribusiness en_US
dc.description.level Masters en_US
dc.description.department Department of Agricultural Economics en_US
dc.description.advisor Allen M. Featherstone en_US
dc.subject.umi Agriculture, General (0473) en_US
dc.subject.umi Economics, Agricultural (0503) en_US
dc.subject.umi Economics, Commerce-Business (0505) en_US 2014 en_US May en_US

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