Landowners like the idea of rising land prices. Yet higher land costs can reduce the net income of the farm operator. For the greater the return to the land, the less remains as pay for labor and management.
Heady, Earl O.; Mayer, Leo V.; and Ihnen, Loren
"Rising Land Prices: Are They Always Good?,"
Iowa Farm Science: Vol. 18
, Article 3.
Available at: https://lib.dr.iastate.edu/farmscience/vol18/iss11/3