Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Rural residents have increasingly sought open space for home sites and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop land for non-farm uses. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price.
{"title":"2014 Michigan Land Values and Leasing Rates","authors":"Eric J. Wittenberg, C. Wolf","doi":"10.22004/AG.ECON.140027","DOIUrl":"https://doi.org/10.22004/AG.ECON.140027","url":null,"abstract":"Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Rural residents have increasingly sought open space for home sites and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop land for non-farm uses. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price.","PeriodicalId":412582,"journal":{"name":"Agricultural Economic Report Series","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122371036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Black, J. Nugent, N. Rothwell, S. Thornsbury, N. Olynk
The weighted average cost of producing tart cherries in Michigan on a representative farm in 2009 is $0.36/lb. This cost was averaged across the three main production regions in Michigan and weighted by average per acre production for each region as published by the Michigan Agricultural Statistics Service. --Costs vary across the main production regions and by farm size. Costs are about $0.04/lb less for mid-sized farms in Northwest Michigan and $0.08/lb and $0.10/lb in West Central and Southwest Michigan, respectively. --This report was developed through interviews with tart cherry growers and other experts in each of the three main growing regions in 2005 and 2006. Many of the numbers were updated in 2009. --The cost of production calculation is based on estimates of operating costs, harvest costs, and management, interest and tax costs. It also includes an amortized cost of establishing an orchard and employing the land in production (versus some other use). The following tables summarize the cost findings for each of the production regions.
{"title":"Michigan Production Costs for Tart Cherries by Production Region","authors":"J. Black, J. Nugent, N. Rothwell, S. Thornsbury, N. Olynk","doi":"10.22004/AG.ECON.98205","DOIUrl":"https://doi.org/10.22004/AG.ECON.98205","url":null,"abstract":"The weighted average cost of producing tart cherries in Michigan on a representative farm in 2009 is $0.36/lb. This cost was averaged across the three main production regions in Michigan and weighted by average per acre production for each region as published by the Michigan Agricultural Statistics Service. --Costs vary across the main production regions and by farm size. Costs are about $0.04/lb less for mid-sized farms in Northwest Michigan and $0.08/lb and $0.10/lb in West Central and Southwest Michigan, respectively. --This report was developed through interviews with tart cherry growers and other experts in each of the three main growing regions in 2005 and 2006. Many of the numbers were updated in 2009. --The cost of production calculation is based on estimates of operating costs, harvest costs, and management, interest and tax costs. It also includes an amortized cost of establishing an orchard and employing the land in production (versus some other use). The following tables summarize the cost findings for each of the production regions.","PeriodicalId":412582,"journal":{"name":"Agricultural Economic Report Series","volume":"280 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132035710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Potential rural residents have increasingly sought open space for a home site and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop it for non-farm uses. Recreational needs such as hunting are often met through use of land. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price, which is a monetary measure of its perceived value.
{"title":"2006 Michigan Land Values and Leasing Rates","authors":"Eric J. Wittenberg, S. Harsh","doi":"10.22004/AG.ECON.10944","DOIUrl":"https://doi.org/10.22004/AG.ECON.10944","url":null,"abstract":"Land is a natural resource that is valued for many reasons. Farmers utilize land to earn their livelihood and as a store of wealth for future retirement. Potential rural residents have increasingly sought open space for a home site and pursuit of a lifestyle. Developers seek financial opportunities to invest in and develop it for non-farm uses. Recreational needs such as hunting are often met through use of land. For some, land is viewed as an investment and a hedge against inflation. This myriad of demands for land combined with its fixed supply continually alters its market price, which is a monetary measure of its perceived value.","PeriodicalId":412582,"journal":{"name":"Agricultural Economic Report Series","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114804196","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. B. Nott, G. Schwab, A. E. Shapley, M. Kelsey, James H. Hilker, L. Copeland
{"title":"1995 Crops and Livestock Budgets Estimates for Michigan","authors":"S. B. Nott, G. Schwab, A. E. Shapley, M. Kelsey, James H. Hilker, L. Copeland","doi":"10.22004/AG.ECON.201378","DOIUrl":"https://doi.org/10.22004/AG.ECON.201378","url":null,"abstract":"","PeriodicalId":412582,"journal":{"name":"Agricultural Economic Report Series","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1995-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127283545","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
L. Wilde, Laurence D. Cornell, V. Sorenson, J. Black
{"title":"World Grain Trade: An Evaluation of Factors Affecting Net Import Demand for Wheat and Coarse Grains by Selected Countries","authors":"L. Wilde, Laurence D. Cornell, V. Sorenson, J. Black","doi":"10.22004/AG.ECON.201358","DOIUrl":"https://doi.org/10.22004/AG.ECON.201358","url":null,"abstract":"","PeriodicalId":412582,"journal":{"name":"Agricultural Economic Report Series","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1986-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126293452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Using a Regional Input-Output Model to Forecast Rail Freight Traffic: With Applications for the Subsidy-Abandonment Decision","authors":"J. Jordan, S. Thompson","doi":"10.22004/AG.ECON.201304","DOIUrl":"https://doi.org/10.22004/AG.ECON.201304","url":null,"abstract":"","PeriodicalId":412582,"journal":{"name":"Agricultural Economic Report Series","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1982-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126445941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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