Search Results
Journal Article
The farm real estate market
Newsletter
Rising farmland values: causes and cautions
On November 15, 2011, the Federal Reserve Bank of Chicago held a conference to explore what has been driving the large and rapid increases in Midwest farmland values. Academics, industry representatives, and regulators presented their views on the factors contributing to these gains, as well as the potential risks posed by them.
Journal Article
A resurgent rural economy spurs farmland values
The rural economy broke free from the reins of recession in 2004 with an especially strong performance in the farm sector. Net farm income easily surpassed the record high of 2003. And the weakness that plagued the nonfarm rural economy in recent years appears to have been replaced with stronger job growth and higher incomes. Strong performances in the farm and nonfarm sectors have led to soaring land values. Rising incomes are often capitalized into asset values, and the past year was no exception. Rising rural incomes quickly led to strong land value gains. Since real estate is rural ...
Journal Article
Farmers are growing an appreciating crop of land
Farm real estate values have increased despite ag conditions.
Journal Article
The 1987 agricultural recovery: a district perspective
Newsletter
The farm sector balance sheet
Journal Article
Farmland values: the rise, the fall, the future
Journal Article
Swap meet
How a real estate law has driven up farmland prices.
Working Paper
Inverse productivity : land quality, labor markets, and risk
I test three explanations of the inverse productivity relationship using the ICRISAT data. I reject land quality differences as a cause of the inverse relationship between profits per hectare and farm size. I find that both labor-market imperfections and risk aversion may play a role in explaining the inverse productivity relationship. Smaller farmers use more labor per-hectare than larger farmers, although the relationship is ameliorated somewhat by considering land-quality effects. Risk aversion may cause smaller farmers to over-apply labor to production, but it also fails to fully explain ...