| 초록 |
We investigate factors influencing farmers' farmland leasing decisions using a panel dataset obtained from "Farm Household Economy Survey (1997-2002)". A random effect Tobit model is estimated. It is found that (i) farmland rental supply at time t+1 is negatively related to the rent at time t; (ii) farmland supply tends to increase during a sample period; and (iii) small-scale/full-time/suburtan/older farmers are major suppliers in farmland rental market.
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