COMPARING LAND VALUES AND CAPITALIZATION OF CASH RENTS FOR CROPLAND AND PASTURE IN GEORGIA

Abstract

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, pastureland values, cash rents, capitalization, discounted cash rents, cropland, pasture, Land Economics/Use,