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Showing items 1 through 9 of 6.
  1. Library Resource
    Journal Articles & Books
    December, 1987

    The farm real estate market is different from commodity markets because land has unique characteristics such as durability and immobility. Moreover, the heterogeneity of land and relatively low activity of land transactions limits the availability of pricing information for specific properties. Because land is the primary asset and the least liquid of any farm company, its valuation plays an important role in financial analysis. The purpose of this paper is to compare different approaches to estimate the value of land.

  2. Library Resource
    Journal Articles & Books
    December, 1987

    Multicrop farmers must choose variable input levels and land quantity for each crop. Economic researchers to date have analyzed these two decisions separately, either finding the best land use, given crop technologies, or solving for optimal input levels, ignoring the allocation of land. We show that both these approaches lead to suboptimal decision rules under risk aversion.

  3. Library Resource
    Journal Articles & Books
    December, 1987

    It is generally recognized that Michigan's agricultural base is among the most diversified in the nation. Producing more than fifty varieties of commodities, the industry as a whole contributes more than $15 billion in value added to the state's economy. And in terms of employment, it is estimated that one out of every eight of the state's workers are engaged in agriculturally related activities.

  4. Library Resource
    Journal Articles & Books
    October, 1987

    An analysis of Conservation Reserve Program contracts obtained during the 1986 sign-up periods indicates commodity program participants enrolled more acreage at higher costs than farmers not participating in other commodity programs. Significant differences also occurred between the various commodity program crops, reflecting the difference in benefits available for these crops.

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