Employs a neo-classical approach, paying particular attention to the nature of institutional arrangements and particular forms of property rights, to the economic theory of agricultural land tenure. Also provides a review of the treatment of land by the Physiocrats and Classical economists.
Preface; 1. Introduction; 2. Political economists and land; 3. The analytical framework; 4. Farming and investment decisions under owner-occupancy; 5. Farming and investment decisions under tenancy; 6. Rental market: fixed rent tenancies; 7. Rental market: share-rent tenancies; 8. Agricultural land values; 9. The operating and ownership structures; 10. Evaluations and comparison of land tenure systems; Notes Bibliography; Index.