Given the importance of land valuation to the various stakeholders, the objective of this research is to develop a theoretically sound model that robustly estimates the market value of land in Kansas, accounting for urban influence. The market value of land is estimated using a hedonic model...

Risks associated with guarantees of land contracts are expected to be greater than guarantees of loans made by commercial lenders. Farmers utilizing seller-financing have greater debts, less cash flow, less equity in real estate, and less solvency than farmers utilizing regular FSA guarantees....

Land is the most important agricultural asset. Income risk due to farmland price volatility creates economic hardship for rural communities. Although inflation explains much of the farmland valuation problem, it remains to some extent a puzzle. We use wavelet-based statistical methods supported...

Theoretical arguments suggest that diversification has both value-enhancing and value-reducing effects. Several finance studies have found that the average diversified firm is worth less than a portfolio of comparable single-segment firms. In agriculture, farms have different characteristics and...

A simulation is used to examine the impact of government farm program and crop revenue coverage insurance on the probability distribution of returns to land. When combined, marketing loan program payments, agricultural market transition act payments, and market loss assistance payments...

Explicit rental income is a market-determined measure of the income farmers pay for the rental services they receive as tenants living in dwellings owned by others. Imputed rental income measures the income farmers “pay” for the rental services they receive as tenants living in dwellings...

The growth of the urban fringe is widespread throughout the United States, and is impacting many parts of the economy. Agriculture is of particular concern since fringe growth involves low-density development, and consumes a great deal of land relative to suburbanization. The impact of fringe...

This study analyzes the impact of increasing population density in Kenya’s rural areas on smallholder behavior and welfare indicators. We first present evidence to explain how land constraints can be emerging within an overall context of apparent land under-utilization. Using data from five...

Records of rental agreements for agricultural land in England between 1690 and 1914 are used to develop an annual rental price index for agricultural land. This index displays a long run cointegrating relationship with indices for the price of agricultural output and agricultural wage rates. A...