1st Edition

Estate Capital The Contribution of Landownership to Agricultural Finance

By D. R. Denman Copyright 1957

    Originally published in 1957, this book introduces the term ‘estate capital’ to distinguish investment in land and buildings, in which agriculture rests, from investment in agricultural machinery and other forms of capital which are essentially agricultural. The book provides a general review of the formation of estate capital from estate income, the provision of estate capital from other sources the level of investment on agricultural estates. Concluding chapters describe the influence of estate character upon the formation, provision and investment level of estate capital. Estate duty levy on agricultural estates, tenants’ contributions to capital investment, and charity estates receive special attention.



    D. R. Denman was Professor of Estate Management at Cambridge University.

    Reviews of the original edition of Estate Capital:

    ‘…this is an absorbing field of study in a field of economic enquiry.’ Agricultural Review

    ‘Anyone who wants a stimulus to thought on the fundamental problems of land ownership cannot do better than read Dr. Denman’s book.’ Journal of Planning and Property Law

    ‘…its contributions to the wellbeing of the land could be immense if the lessons it points are taken to heart and learned…’ Estates Gazette.