Changing agricultural property rights for the twenty-first century: discussion.

From: American Journal of Agricultural Economics | Date: December 1, 1995| Author: | Copyright information

Public interest in agricultural property rights must always remain above private considerations as the country responds to a dynamic market with socioeconomic pressures. However, such a system must not be restricted and integrate changing market conditions. Property rights reform must also consider the effects of transaction costs and uncertainty over future market conditions.

In this discussion, I wish first to show that agricultural property rights are changing in domains other than rights to divert water. Second, I will comment on the companion papers in this session (Colby, Howitt, ...

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