Inheriting a farm can be both exciting and frustrating. Some people know exactly what they would like to do with the farm, but many do not. A number of questions and issues must be addressed before the final decisions are made. Farmland heirs have three choices of what to do with an inherited...

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This paper estimates the average return to Iowa farmland is approximately 3.9 percent. For the farmer with owned land, the returns are approximately five percent using an average price scenario. Government programs are estimated to have significant impacts on Iowa farmland values.

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Agricultural production affects environmental and human health. Many consequences are borne involuntarily rather than chosen because no formal market trading takes place for ecosystem functions or health attributes. These impacts, or externalities, may be quantified indirectly by assigning...

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