Outside the winner’s circle
High land and crop prices are benefiting a lot of farmers, but hurting some?badly.
Rural wealth creation and emerging energy industries: lease and royalty payments to farm households and businesses
New technologies for accessing energy resources, changes in global energy markets, and government policies have encouraged growth in the natural gas and wind industries in the 2000s. The growth has offered new opportunities for wealth creation in many rural areas. At a local level, households who own land or mineral rights can benefit from energy development through lease and royalty payments. Using nationally-representative data on U.S. farms from 2011, we assess the consumption, investment, and wealth implications of the $2.3 billion in lease and royalty payments that energy companies paid ...
Hedging their bets
Farmers have more tools to manage risk, and are using them.
Agricultural trends and paths toward the future - a conference summary
On December 1, 2009, the Chicago Fed held a conference that examined issues shaping the future of Midwest agriculture, with a focus on public policy implications. This conference gathered experts from academia, industry, and policy institutions to discuss trends and possibilities for agriculture in the region and across the nation.
Farmers are growing an appreciating crop of land
Farm real estate values have increased despite ag conditions.
Agricultural credit conditions : booming farmland values
The effects of macroeconomic policy on farmland value
Will the rebound in farm financial conditions continue?
The impact of wildlife recreation on farmland values
Wildlife recreation ? hunting, fishing, and wildlife watching ? appears to be an increasingly important past time for many Americans as people continue to increase their spending on wildlife recreation. Land lease and ownership expenditures by wildlife recreation participants are rising and appear to be capitalized into farmland values. This paper analyzes the impact of hunting lease rates on farmland values in Texas. The results indicate that counties with higher wildlife recreation income streams have higher land values.