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Table 2 Descriptive statistics of the variables used

From: Sugarcane expansion and farmland prices in São Paulo State, Brazil

Variables

Observations

Mean

SD

Minimum

Maximum

P1

679

15,685.45

8887.64

1550.87

63,380

P2

679

12,665.57

7426.64

1436.03

51,670

Area_Sugarcane

670

107,022.92

107,921.65

4.00

488,500

Area_Corn

680

24,506.59

28,170.08

98.00

173,500

Area_Soy

680

14,043.86

30,503.19

0

169,200

Price_Sugarcane

680

62.19

9.20

47.30

80.42

Price_Corn

680

28.09

3.91

21.08

35.10

Price_Soy

680

53.15

7.91

39.07

67.01

Lease_Sugarcane

591

772.51

284.65

248

3468

Lease_Corn

625

445.70

149.96

93.89

1220

Lease_Soy

420

506.65

161.51

248.44

1205

Vp_Total

680

683,100a

342,322a

60,170a

2,236,000a

  1. aValues divided by 1000