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Determination of farmland values in New Zealand : the significance of financial leverage

Authors
Publisher
Lincoln University. Agribusiness and Economics Research Unit.
Publication Date
Keywords
  • Farm Valuation
  • Farm Income

Abstract

An examination of the growth rates in farm asset values and returns in New Zealand between 1962 and 1987 reveals that a significant divergence has developed between the two. The objective of this study was to examine the impact of financial leverage on farmland price determination in New Zealand between 1962 and 1987.

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