The U.S. will soon see many farmers retire and younger farmers taking their place. These younger farmers would prefer to purchase the land rather than rent because of the advantages associated with ownership. However, these farmers need to determine how many acres they need to rent in order to...

The last few years have seen big increases in land values. Cash rents have also increased but perhaps at a slower rate than land values. This paper examines the ratio of land values to cash rents to determine if how cash rents have changed in relation to land value changes. This ratio is...

Determining what to pay for cash rental rates is a big problem for most farmers. Typically, crop budgets are used for this decision. However, problems arise from this approach because the average revenue contained in the budget is often not the true marginal revenue. Farm size differences...