The recent financial crisis has renewed interest in alternative asset classes such as farmland. Previous work has shown that farmland may provide expected return premiums while adding little additional risk to a diversified portfolio. However, these studies have been based on relatively short...

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...

It is widely accepted that net farm income reported on an accrual-adjusted income statement is a more appropriate profitability measure than net farm income reported on Schedule F of the federal tax return, which is prepared using cash basis accounting. However, a common practice among...

Farm financial performance measures are evaluated for producers across five age groups. The debt-to-asset ratio is highest for farmers in the lessthan- 30 age group, 45.5 percent, and decreases across age groups. Repayment capacity is strongest for farmers in the less-than-30 age group, 2.1:1,...

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...

With farm income at record, or near record levels, the overall agricultural production sector has fared well. However, in the current economic climate, instability and volatility in certain agricultural input markets caused by the U.S. macro-economy has put increased pressure on some sub-sectors...

This article reports the responses from a survey of 45 independent rural appraisers in 18 states and 1 Canadian province who have started their own independent business. All were members of the American Society of Farm Managers and Rural Appraisers in 2006 and held the ARA designation. When they...

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.

Mailbox milk prices from a representative dairy operation in Illinois are used to gauge the farmlevel hedging effectiveness of Class III milk futures traded on the Chicago Mercantile Exchange. Predominantly used by manufacturers and end users to price cheese, the Class III milk futures are not...

Preconditioning calf programs add value for buyers. Models estimated with data collected for calves certified under the Oklahoma Quality Beef Network (OQBN) in 2001- 2003 generally found premiums paid for certified, preconditioned calves versus calves neither weaned nor vaccinated. Larger...