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University of Illinois at Urbana-Champaign
A Dynamic Programming Analysis of Optimal Farmland Investment Decisions: An Application to Central Illinois High-Quality Farmland
Abstract
dc:descriptionThe purpose of this research is to examine farmland investment decisions using a dynamic programming framework. Consideration is given to the dynamic, stochastic nature of farmland returns, the linkages between farmland returns and farmland prices, and the effects of the above dynamic factors on a farm's financial structure. The dynamic programming model's objective is to maximize the expected value of after-tax wealth. Its decision variable is the number of acres to purchase or sell at the beginning of each year.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Agricultural Economics
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2014
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Schnitkey, Gary Donald
Subjects
dc:subject × 1Identifiers
dc:identifier.*- Identifier
- (UMI)AAI8803194
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/69883