The choice between purchasing land or entering into a long-term lease is analyzed using a deterministic cash analysis both from the tenant's and landlord's perspective. It is less financially stressful to start farming through a lease agreement than by purchasing the assets. The lease period of landlord indifference between these choices is determined for each combination of input variables. / Land value and income forecasting models are developed and presented. These models are based on two similar but conceptually different statistical tests. Each test results in different forecasting models which has implications for the use of such models in the future. / Consumption-based asset pricing models are tested using agricultural rental income. These models, although appealing both intuitively and theoretically are found wanting in terms of their formulation as the model results are highly sensitive to the data employed. This concern increases with the level of data aggregation.
| Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.41526 |
| Date | January 1994 |
| Creators | Baker, Laurence Bruce Bell |
| Contributors | Westgren, R. E. (advisor) |
| Publisher | McGill University |
| Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
| Language | English |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Format | application/pdf |
| Coverage | Doctor of Philosophy (Department of Agricultural Economics.) |
| Rights | All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated. |
| Relation | alephsysno: 001397926, proquestno: NN94576, Theses scanned by UMI/ProQuest. |
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