Purpose – The purpose of this paper is to use prediction markets to forecast an agricultural event: United States Department of Agriculture's number of cattle on feed (COF). Prediction markets are increasingly popular forecast tools due to their flexibility and proven accuracy to forecast a...

Purpose – Consistent and reliable data on farmland values is critical to assessing the overall financial health of agricultural producers. However, little is known about the idiosyncrasies and similarities of standard land value data sources – US Department of Agriculture (USDA), Federal...

The purpose of this study was to determine if a preference for round prices exists in the wheat market and how wheat sales react to price movements around whole‐dollar amounts. The results show round prices are slightly more prevalent than non round prices, and transactions increase when price...

Purpose – This paper aims to determine the effects of agricultural, recreational and urban variables on Oklahoma land prices. Design/methodology/approach – An econometric model is estimated using price of agricultural land parcels as the dependent variable and independent variables...

Purpose – The purpose of this paper is to develop an option pricing model applicable to US options. The lognormality assumption that has typically been imposed with past binomial and trinomial option pricing models is relaxed. The relaxed lattice model is then used to determine skewness and...