Why do rent, wage, and sharecropping contracts exist simultaneously? One possibility is that contract types distinguish between workers with different endowments of managerial ability. This article describes an empirical test of the link between managerial ability and contract choice.

Successful farm business managers must understand the determinants of profitability and have an overall long‐term or strategic management focus. The objective of this research was to explore the use of an e‐learning tool to help producers understand the impacts of different production,...

Like many farm operations, MBC Farms is trying to determine what strategic actions to take to remain competitive. The farm produces corn and soybeans, contracted specialty corn, and milk. The crops and dairy managers are considering growth opportunities, but have not decided on a strategy. There...

This study examines the effects of the Section 1031 tax-deferred exchange provision on agricultural land values. The provision allows taxpayers to defer taxation for relinquished productive assets if a like-kind asset is acquired within the allotted time of 180 days. The analysis examines a set...