摘要：Contractual choice in leasing arrangements for farmland is becoming increasingly important as a result of greater absentee ownership, expanded reliance on cash versus share leases, more extensive contracting opportunities for crop production, and new sources of risk and related risk management options for agricultural producers (Barry, Moss, Sotomayor, and Escalante). Numerous theoretical approaches to farm real estate leasing arrangements have been developed over time, with little consistent empirical support. Moreover, few demonstrate noteworthy explanatory power for the governance of landlord-tenant relationships in the U.S. Corn Belt.1 This is critical void, in that more than 50 percent of U.S. corn and soybeans are produced in this region, and approximately 45 percent of Corn Belt land in farms is leased (USDA, NASS).
