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| Zakrzewicz, Christopher J.; Brorsen, B. Wade; Briggeman, Brian C.. |
| The value of land dominates the financial structure of most American agricultural production firms, and land values are an important factor in long-term agricultural planning and risk management. As the primary source of collateral for farm loans, farmland values have significant implications for both producers as well as bankers financing agricultural loans. The Federal Reserve Bank of Kansas City’s Survey of Agricultural Credit Conditions is an expert opinion survey in which agricultural bankers provide land value forecasts. As the survey has drawn increased attention, the survey has drawn criticism regarding its use qualitative data to forecast land values. Our research examines the value of the survey data with respect to its ability to forecast... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farmland; Forecasting; Land values; Federal Reserve Bank; Agribusiness; Financial Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/61758 |
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| Zakrzewicz, Christopher J.; Brorsen, B. Wade; Briggeman, Brian C.. |
| Consistent and reliable data on farmland values is critical to assessing the overall financial health of agricultural producers. However, little is known about the idiosyncrasies and similarities of standard land value data sources – U.S. Department of Agriculture, Federal Reserve Bank land value surveys, and transaction prices. All three data sources are highly correlated, but transaction prices tend to be higher, especially for irrigated cropland and ranchland. USDA land values are reported as representing land values on January first, but instead they more closely represent first and second quarter land values according to a multi-state comparison to changes in quarterly Federal Reserve land values. Given the finding that first quarter Federal Reserve... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2011 |
URL: http://purl.umn.edu/103758 |
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