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Effects of Ownership Restrictions on Farmland Values in Saskatchewan

Published online by Cambridge University Press:  28 April 2015

Jared G. Carlberg
Jared G. Carlberg*
Affiliation:
Department of Agribusiness and Agricultural Economics, University of Manitoba, Winnipeg, MB, Canada
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Abstract

Restrictions on the ownership of farmland by nonresidents of Saskatchewan were imposed by the Farmland Security Act (FSA) in 1974. The FSA has been blamed by some observers for depressed provincial land values. An adaptive expectations present value model is developed to estimate the effects of the FSA, with the province of Alberta included as a control. Results of seemingly unrelated regressions and generalized autoregressive conditional heteroscedasticity estimates find no statistically significant effect of the FSA on the value of land in Saskatchewan. This may indicate that the effect of the regulatory change is too small to be measured accurately.

Keywords

adaptive expectationsFarmland Security Actgeneralized autoregressive conditional heteroscedasticitypresent valueseemingly unrelated regressionsC51G21Q18
Type
Graduate Student Paper Award
Information
Journal of Agricultural and Applied Economics , Volume 34 , Issue 2 , August 2002 , pp. 349 - 358
Copyright
Copyright © Southern Agricultural Economics Association 2002

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