Multiple regression analysis (MRA) has proven to be a useful tool to predict selling prices in a mass appraisal context. The significance of determinative value elements – identified by more conventional methods such as sale verification or pairings – can objectively be confirmed...

Accurate information on land values is a consequential concern when prices are changing rapidly. This study compares USDA data and sales data from 1971-2011. While the land prices from these series move in similar patterns, there are periods of substantial differences. These periods show a...

Land prices in Western Kansas are analyzed using regression to estimate the influence of rainfall, sales method, and time of sale. The estimates from regression indicate that land prices decreased about $27 for each range that was farther west which can be converted to about $75 per inch of...

Appraisers use puritan sales to estimate the ratio of prices for different types of land. However, puritan sales may be hard to find in areas where parcels contain upland, bottomland, meadow, pasture, irrigation, recreational land, and CRP. This paper uses regression to identify the value of...

Anecdotal evidence suggests that agricultural land values are influenced by recreational demands, in particular hunting. This study estimated that the impact that hunting pressure, beef prices, and lagged land values had on county-level pasture values in North Dakota. Using panel data from...

From a practical stand point, the precision and robustness of forecasting agricultural land values are evaluated in two out-of-sample time periods. Empirical application to five Midwestern states in the U.S. indicates the annually updated model performed well.

Commodity programs for agriculture are intended to provide farm income stability and maintain desirable efficiencies that derive from market based outcomes. A measure of economic efficiency is producer response to market signals. This research measures acreage response of Arkansas field crops...

Agricultural land purchases by non-local buyers for hunting purposes (106 sales) were compared to nearby (comparable) land purchases of local agricultural producers (318 sales) in the Southwest and Prairie Pothole Regions (PPR) of North Dakota from 2000 to 2004. In the PPR (dominated by...

Farmland values have recently increased dramatically in the Midwest, attracting investors from outside of agriculture and causing many inside agriculture to question whether a speculative bubble has formed. This article addresses that question by presenting an economic by presenting an economic...

This study was conducted to determine the value of two monensin supplementation strategies for steers and heifers pastured on fall/winter wheat relative to the value of a freechoice mineral supplement containing no monensin. A second objective was to determine the value of extending the...