This paper examined the relationship between cost efficiency and feed grain production in Kansas. Using data from 2002 to 2011, corn production was significant and positively related to cost efficiency in eastern and western Kansas; while grain sorghum production was significant and positively...

This paper examines the relationship between three expense ratios: total expense ratio; adjusted total expense ratio; and economic total expense ratio; and discusses economies of size for a sample of Kansas farms. The total expense ratio and the adjusted total expense ratios, though commonly...

This paper examined crop machinery investment and cost benchmarks for a sample of Kansas farms. Crop machinery benchmarks varied widely among the farms. On average, crop machinery investment and cost were $227 and $82, respectively. Crop machinery investment and cost were significantly...

Agriculture has seen several periods of both high and low farmer profitability. This has resulted in at least some farmers leaving agriculture because of financial difficulty. Other farmers, however, have managed to survive the bust periods of agriculture and are still farming today. This paper...

Appraisers use puritan sales to estimate the ratio of prices for different types of land. However, puritan sales may be hard to find in areas where parcels contain upland, bottomland, meadow, pasture, irrigation, recreational land, and CRP. This paper uses regression to identify the value of...

With farm income at record, or near record levels, the overall agricultural production sector has fared well. However, in the current economic climate, instability and volatility in certain agricultural input markets caused by the U.S. macro-economy has put increased pressure on some sub-sectors...

This article discusses asset bubbles, the Kansas and Illinois land markets, estimates land values, and develops a land price/earnings ratio. Current land sales data are also examined. Finally, we examine relationships between land values and interest rates, inflation rates, and cash rents....

Accurate information on land values is a consequential concern when prices are changing rapidly. This study compares USDA data and sales data from 1971-2011. While the land prices from these series move in similar patterns, there are periods of substantial differences. These periods show a...