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Landlord Satisfaction with Arkansas Agricultural Land Agreements

Published online by Cambridge University Press:  28 April 2015

Ronald L. Rainey ,
Bruce L. Dixon ,
Lucas D. Parschy ,
Bruce L. Ahrendsen  and
Ralph W. Bierlen
Ronald L. Rainey
Affiliation:
Cooperative Extension Service, University of Arkansas, Little Rock, AR
Bruce L. Dixon
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas, Fayetteville, AR
Lucas D. Parschy
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas, Fayetteville, AR
Bruce L. Ahrendsen
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas, Fayetteville, AR
Ralph W. Bierlen
Affiliation:
Packers and Stockyards Administration, U.S. Department of Agriculture, Des Moines, IA
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Abstract

Landlord satisfaction levels with agricultural land-leasing agreements are examined with a 1998 sample of Arkansas landowners. Ordered probit models are estimated identifying which factors significantly affect satisfaction levels. Results indicate that the type of lease is not a significant determinant of landlord satisfaction levels. Proportion of landlord's income from leasing, tenant educational background, social capital variables, presence of irrigation equipment, and perceptions about the FAIR Act were found to significantly affect lease satisfaction in at least one of the three satisfaction models estimated. A comparison with an earlier study of Arkansas tenants indicates landlords have generally higher satisfaction levels.

Keywords

cropland contractslandlord satisfactionleasingprobit modelsL14Q12Q24
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 35 , Issue 3 , December 2003 , pp. 543 - 553
Copyright
Copyright © Southern Agricultural Economics Association 2003

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