The historical behavior of farmland prices, rental rates, and rates of return are examined by treating farmland as an asset with an infinitely long life. It is found that high (low) farmland prices relative to rents have historically precededextended periods of low (high) net rates of return,...

Other working papers are available at my homepage: gray.clhn.co. I've added this link as a "working paper" because our CMS is a little awkward to deal with. Sorry about any confusion.

As the climate in the Midwestern United States becomes increasingly variable due to global climate change, it is critical to provide tools to the agricultural community to ensure adaptability and profitability of agricultural cropping systems. When used by farmers and their advisors,...