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Entropy 2011, 13(1), 38-52; doi:10.3390/e13010038
Article

An Information Approach to the Dynamics in Farm Income: Implications for Farmland Markets

1
 and
2,*
1 Department of Food Economics and Marketing, University of Reading, PO Box 237, Reading, Berkshire, RG6 6AR, UK 2 Food and Resource Economics Department, University of Florida, 1155 McCarty Hall, Gainesville, FL 32611, USA
* Author to whom correspondence should be addressed.
Received: 9 November 2010 / Revised: 17 December 2010 / Accepted: 22 December 2010 / Published: 24 December 2010
(This article belongs to the Special Issue Advances in Statistical Mechanics)
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Abstract

The valuation of farmland is a perennial issue for agricultural policy, given its importance in the farm investment portfolio. Despite the significance of farmland values to farmer wealth, prediction remains a difficult task. This study develops a dynamic information measure to examine the informational content of farmland values and farm income in explaining the distribution of farmland values over time.
Keywords: information theory; farmland markets; farm income information theory; farmland markets; farm income
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).
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Salois, M.J.; Moss, C.B. An Information Approach to the Dynamics in Farm Income: Implications for Farmland Markets. Entropy 2011, 13, 38-52.

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