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AN EVALUATION OF ALTERNATIVE CASH, SHARE, AND FLEXIBLE LEASING ARRANGEMENTS FOR SOUTH CAROLINA GRAIN FARMS
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Abstract
A simulation model incorporating stochastic yields, prices, and government payments generates returns for landowners and tenants under cash, share, and flexible leases. Corn, soybeans, wheat, cotton, peanuts, and wheat-double crop soybeans crop enterprises are studied. Alternatives are evaluated by mean returns, coefficient of variation, and certainty equivalent analysis.Land Economics/Use,