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Tuesday, February 7 • 6:00pm - 9:00pm
Poster Display. Qualitative Analysis of Landowner Behavior Preceding a Market Bust Using Farm Magazine Articles

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AUTHORS: Brooks Ronspies, University of Nebraska Lincoln School of Natural Resources; Larkin Powell, University of Nebraska Lincoln School of Natural Resources

ABSTRACT: Over the past century there have been spikes in land values (“booms”) across the US that have led to over-extension of personal resources by farmers followed shortly by steep drops (“busts”) in land values. The purpose of this study is to examine the language used by farmers as a measure of their behaviors during periods of time leading up to and following significant market failures. To do this we used the periodical, Nebraska Farmer, which has been published from the late 1800’s to present day. We focused on two sections of the periodical, the Letter to the Editor, and the Editor’s Conclusion. Using a scale of emotion, ranging from degrees of pessimism to degrees of optimism we ranked articles over time periods to track farmer emotions. We then compared this data with land value data to better understand the causes of these land value spikes.  We show periods of time in which farmer behavior does not track with current economic conditions.  Our work provides information that is useful when developing agricultural policies that impact wildlife habitat.

Tuesday February 7, 2017 6:00pm - 9:00pm CST
Lancaster Ballroom

Attendees (1)