Resumen Pese a la importancia del mercado de tierras, se han estudiado pocos modelos de funcionamiento que permitan tomar en cuenta la heterogeneidad de las explotaciones agrícolas, el papel de la incertidumbre en la toma de decisiones y el efecto de las distintas políticas del gobierno. A diferencia de otros factores productivos, la tierra es un factor productivo inmóvil, durable y no reproducible. Su precio reacciona en parte como el de un factor productivo, pero también como el de un activo que permite la reserva de valor.

Objectives of this research were to determine the socio-economic condition, opinion level and factors related to opinions on the reform land use pattern of the villagers of Ruamthai Demonstration Cooperative Village, Kui Buri District, Prachuap Khiri Khan province. A designed questionnaire was used as a tool for gathering the data by interviewing 260 respondents from Ruam Thai village (Mue 7), Pu Bon village (Mue 8) and Yan Sue village (Mue 9).

Various forms of coastal landuse covering study site (46,785.69 hectares) were observed to underwent changes as evidently detected between satellite images sensed in 1994 and 2001 at the Banten Bay. It was important to identify what these changes were. Therefore, appropriate change detection must be selected. The image preprocessing step involved removing errors from raster data. This was done by performing basic processes, such as, radiometric correction, geometric correction and image calibration.

CONFERENCE PROCEEDINGS

What is the GATT-WTO?

The World Trade Organization (WTO) describes itself as “the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade fl ows as smoothly, predictably and freely as possible.”

The notion of a reservation value is a key feature of most contemporary dynamic and stochastic models of land development. It is clear that the magnitude of the reservation value has a fundamental bearing on the decision to develop or preserve land. This notwithstanding, many papers that analyze land development in a dynamic and stochastic setting treat a landowner’s reservation value as an exogenous variable. Therefore, the purpose of this paper is to endogenize the reservation value in the context of a model of land development over time and under uncertainty.

Land costs account for a significant proportion of the total costs for many agricultural products that are traded internationally, especially for the major grain crops that the U.S. exports in competition with several other countries. For owner-operators, a common form of tenure in the U.S. and most other countries, most land costs are implicit and involve few cash outlays, i.e., are opportunity costs that are important in the long-run but that may not affect production decisions in the short-run.

Federal land programs, such as the Conservation Reserve, provide land amenities with public goods attributes. Private land trusts supply related amenities through their holdings of land and conservation easements. We analyze, in a unique county-level panel, the effects of the federal programs on private land trust land preservation.

Hedonic models estimate the marginal effect of land characteristics and factors that contribute to a purchase decision on rural land values in submarkets of north Louisiana. While size of tract and mix of land use have expected impacts on rural land values, forces that motivate the buyer also affect price.

Nonagricultural factors impact land values to cause a divergence of discounted cash rents for agricultural land and land values. Focus is given to the portion of land values attributable to discounted cash rents. Unique characteristics for cropland and pasture lead to differences in capitalization rates. Nonagricultural factors are greatest for pasture.

Keywords: land values, cash rents, capitalization, discounted cash rents, cropland, pasture