Farmland returns and economic conditions: A FAVAR approach

Todd H. Kuethe, Todd Hubbs, Mitch Morehart

Research output: Contribution to journalArticlepeer-review


This study examines the linkages between farmland returns and other market forces including the returns to alternative investments, agricultural sector activity, non-farm real estate, and macroeconomic conditions over the period 1973-2008. The study applies factor-augmented vector autoregression to extract information from a large panel of economic time series. Results suggest that farmland returns are influenced by common trends in the returns to alternative investments and general macroeconomic conditions.

Original languageEnglish (US)
Pages (from-to)129-142
Number of pages14
JournalEmpirical Economics
Issue number1
StatePublished - Jul 2014
Externally publishedYes


  • Factor-augmented vector autoregression
  • Farmland
  • Farmland values

ASJC Scopus subject areas

  • Statistics and Probability
  • Mathematics (miscellaneous)
  • Social Sciences (miscellaneous)
  • Economics and Econometrics


Dive into the research topics of 'Farmland returns and economic conditions: A FAVAR approach'. Together they form a unique fingerprint.

Cite this