Demand Shift Evaluation in the Farmland Market Due to Brexit Fears

Peter Jordan discusses demand shift evaluation, focusing on the impact of Brexit on UK farmland prices. He explains the weakening of market demand, resulting in price and quantity changes, and evaluates the potential magnitude of these shifts. The discussion includes factors like Brexit's likelihood and its immediate aftermath, as well as future UK government subsidies. The video concludes with a brief mention of price elasticity and a preview of upcoming topics on supply shifts.

Discuss the factors that could determine the size, speed, and duration of the price fall in farmland.

What role do price elasticity of demand and supply play in the changes experienced in farmland prices?