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dc.contributor.authorJohnson, R. W. M.
dc.date.accessioned2009-12-16T02:16:53Z
dc.date.available2009-12-16T02:16:53Z
dc.date.issued1971
dc.identifier.urihttps://hdl.handle.net/10182/1343
dc.description.abstractThis paper examines post-war trends in rural land prices. New Zealand has a freehold system of land tenure and a land registration system based on the Torrens system first used in South Australia. As a result, reliable records are available of all rural land transactions for some considerable period of time. The paper examines an entirely new representative series of rural land market values for the period 1954 to 1969, based on official records and explores in detail, economic changes in the aggregate rural land market over this period. Readers will be interested particularly in the relationship between the market price of land and expected income. Land buyers are shown to discount increases in income at a relatively high interest rate and thus hedge against possible future fluctuations in farming income, while at the same time accepting lower average returns than in the immediate post-war years.en
dc.language.isoenen
dc.publisherLincoln College. Agricultural Economics Research Unit.en
dc.relation.ispartofseriesTechnical paper (Lincoln College (Canterbury, N.Z.). Agricultural Economics Research Unit) ; no. 4en
dc.subjectrural landen
dc.subjectrural land investmenten
dc.subjectrural land valuesen
dc.subjectmarket trendsen
dc.subjectland tenureen
dc.subjectfreehold systemen
dc.subjectfarm incomeen
dc.subjectfarm managementen
dc.subjectagricultural land useen
dc.subjecteconomic aspectsen
dc.subjectNew Zealanden
dc.titleTrends in rural land prices in New Zealand 1954-1969en
dc.typeMonographen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340201 Agricultural economicsen
dc.subject.marsdenFields of Research::300000 Agricultural, Veterinary and Environmental Sciences::300900 Land, Parks and Agriculture Management::300901 Farm management, rural management and agribusinessen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340202 Environment and resource economicsen
lu.contributor.unitAgribusiness and Economics Research Uniten


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