{"id":{"repo_id":"cornell","oai_identifier":"oai:ecommons.cornell.edu:1813/115817"},"canonical_url":"https://search.dev.ndltd.org/etd/cornell/oai:ecommons.cornell.edu:1813/115817","repository":{"repo_id":"cornell","name":"Cornell University","base_url":"https://ecommons.cornell.edu/server/oai/request"},"display":{"title":"Farmland Risk-Return Characteristics and Fama-French 5 Factor Model","abstract":"With an increasing number of professional entities directing their focus towards farmland investments, there has been a burgeoning interest in the distinctive risk-return profile of farmland, especially when contrasted with conventional financial assets like stocks. Building on the foundational work of scholars such as Barry (1980), who utilized the CAPM model to ascertain the marginal risk farmland contributes to a diversified portfolio, this study aims to examine if latest methodologies, such as the Fama-French five-factor model, can offer a more nuanced explanation of farmland returns or affirm the unique risk-return dynamics of farmland identified in earlier research. Additionally, this paper delves into the particular risk attributes associated with farmland, including aspects of illiquidity. It further explores the risk-return traits within the farmland investment spectrum, disaggregating the data by regional classifications.","abstract_html":"With an increasing number of professional entities directing their focus towards farmland investments, there has been a burgeoning interest in the distinctive risk-return profile of farmland, especially when contrasted with conventional financial assets like stocks. Building on the foundational work of scholars such as Barry (1980), who utilized the CAPM model to ascertain the marginal risk farmland contributes to a diversified portfolio, this study aims to examine if latest methodologies, such as the Fama-French five-factor model, can offer a more nuanced explanation of farmland returns or affirm the unique risk-return dynamics of farmland identified in earlier research. Additionally, this paper delves into the particular risk attributes associated with farmland, including aspects of illiquidity. It further explores the risk-return traits within the farmland investment spectrum, disaggregating the data by regional classifications.","abstract_has_math":false,"creators":["He, Mingyu"],"institution":"Cornell University","degree_name":"M.S., Applied Economics and Management","degree_level":"Master of Science","degree_discipline":"Applied Economics and Management","degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":["Jin, Jiaqi"],"year":2024,"date_issued":"2024-05","date_published":"2024-05","updated_at":"2026-07-24T01:49:10Z","subjects":[],"languages":["en"],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier.doi","label":"DOI","values":["https://doi.org/10.7298/4s71-rh55"],"render_values":[{"text":"https://doi.org/10.7298/4s71-rh55","href":"https://doi.org/10.7298/4s71-rh55","code":true}]},{"key":"dc:identifier.other","label":"Dc Identifier Other","values":["ProQuest Submission ID: 12084","ProQuest Publication ID: 31242292"],"render_values":[{"text":"ProQuest Submission ID: 12084","href":null,"code":true},{"text":"ProQuest Publication ID: 31242292","href":null,"code":true}]}]},"links":{"outbound_url":"https://hdl.handle.net/1813/115817","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.committeemember","label":"Committee Member","values":["Jin, Jiaqi"]},{"key":"dc:creator","label":"Author","values":["He, Mingyu"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2024-11-05T19:42:37Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2024-11-05T19:42:37Z"]},{"key":"dc:date.issued","label":"Date","values":["2024-05"]},{"key":"dc:type","label":"Dc Type","values":["dissertation or thesis"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Applied Economics and Management"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Master of Science"]},{"key":"thesis:degree_name","label":"Degree Name","values":["M.S., Applied Economics and Management"]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["Cornell University"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["en"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.doi","label":"DOI","values":["https://doi.org/10.7298/4s71-rh55"]},{"key":"dc:identifier.other","label":"Dc Identifier Other","values":["ProQuest Submission ID: 12084","ProQuest Publication ID: 31242292"]},{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://hdl.handle.net/1813/115817"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["44 pages"]},{"key":"dc:description.abstract","label":"Abstract","values":["With an increasing number of professional entities directing their focus towards farmland investments, there has been a burgeoning interest in the distinctive risk-return profile of farmland, especially when contrasted with conventional financial assets like stocks. Building on the foundational work of scholars such as Barry (1980), who utilized the CAPM model to ascertain the marginal risk farmland contributes to a diversified portfolio, this study aims to examine if latest methodologies, such as the Fama-French five-factor model, can offer a more nuanced explanation of farmland returns or affirm the unique risk-return dynamics of farmland identified in earlier research. Additionally, this paper delves into the particular risk attributes associated with farmland, including aspects of illiquidity. It further explores the risk-return traits within the farmland investment spectrum, disaggregating the data by regional classifications."]},{"key":"dc:format.mimetype","label":"Dc Format Mimetype","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Farmland Risk-Return Characteristics and Fama-French 5 Factor Model"]}]}],"canonical_facts":{"dc:contributor.committeemember":["Jin, Jiaqi"],"dc:creator":["He, Mingyu"],"dc:date.accessioned":["2024-11-05T19:42:37Z"],"dc:date.available":["2024-11-05T19:42:37Z"],"dc:date.issued":["2024-05"],"dc:description":["44 pages"],"dc:description.abstract":["With an increasing number of professional entities directing their focus towards farmland investments, there has been a burgeoning interest in the distinctive risk-return profile of farmland, especially when contrasted with conventional financial assets like stocks. Building on the foundational work of scholars such as Barry (1980), who utilized the CAPM model to ascertain the marginal risk farmland contributes to a diversified portfolio, this study aims to examine if latest methodologies, such as the Fama-French five-factor model, can offer a more nuanced explanation of farmland returns or affirm the unique risk-return dynamics of farmland identified in earlier research. Additionally, this paper delves into the particular risk attributes associated with farmland, including aspects of illiquidity. 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