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.

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...

Farm lobby groups in Canada have consistently argued that there is a farm income crisis. However, the average net worth of Canadian farm families has been two to three times the average net worth of all families. If farm incomes are so persistently low, how and why do farmers continue to farm...

Recreational leases for hunting, fishing, and wildlife watching provide a means by which landowners can supplement their income from land ownership. Illinois professional farm managers were surveyed regarding recreational leases held by their clients. Information was collected on lease rates,...

Historically, cropland rental rates have been substantially higher than rental rates for pasture. Currently however, the gap between selling prices of cropland and pasture in Oklahoma has shrunk in western Oklahoma and pasture now sells for more than cropland in eastern Oklahoma. Regression...

The stocker cattle grazing enterprise in the Southern Plains regions of the United States is an important economic activity. The objective of the study was to determine the difference in the expected net return of a no-till forage establishment system relative to the intensive clean-till...

In areas where urban development is threatening quality farmland, zoning policies that encourage development on low productivity land have a significant influence on market forces, resulting in upward pressure on the prices of low productivity farmland. This helps identify potential permanent...

This article discusses asset bubbles, the Kansas and Illinois land markets, estimates land values, and develops a land price/earnings ratio. Current land sales data are also examined. Finally, we examine relationships between land values and interest rates, inflation rates, and cash rents....