2006 Michigan Land Values and Leasing Rates

Land Economics/Use,

2004 Michigan Dairy Farm Business Analysis Summary

This report summarizes the financial and production records of 144 dairy farms from throughout Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The farms in this report were located throughout Michigan. The records came from Michigan State University's Telfarm project, the Farm Credit Service system, or by AgriSolutions in Michigan. The values were pooled into averages for reporting purposes. The farms are larger than would be the average of all dairy farms in Michigan. While considerable variation in the data exist, average values are reported in the summary tables and discussion that follows.Livestock Production/Industries,

2007 Michigan Land Values and Leasing Rates

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 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.Land Economics/Use,

2005 Michigan Land Values and Leasing Rates

Land Economics/Use,

2008 Michigan Land Values and Leasing Rates

land values, Land Economics/Use,

2011 Michigan Land Values and Leasing Rates

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.Agribusiness, Farm Management, Financial Economics, Land Economics/Use, Production Economics, Agribusiness, Farm Management, Financial Economics, Land Economics/Use, Production Economics,

COMPLETING FINAN & NET WORTH STATEMENTS SOME ISSUES

We welcome all Michigan State University Extension (MSU-E) agents embarking upon a journey to improve the accuracy and usefulness of Michigan farm record data. We believe that analysis of accurate farm records will enable the farm owner/operator(s) to use his/her (their) farm records as a diagnostic tool that in turn can provide a benchmark for planning. We do recognize that this activity requires a time commitment from the MSU-E agent and also a willingness to bear some responsibility in improving the accuracy and consistency of the farm record database. It is to this problem of farm record consistency that this paper is addressed.Agricultural Finance,

PROFITABILITY AND PRODUCTION EFFICIENCY OF THE CROP AND LIVESTOCK ENTERPRISES OF MICHIGAN DAIRY OPERATIONS: 1998 SUMMARY AND ANALYSIS

This paper summarizes the 1998 results of the Dairy Profitability and Production Efficiency project. Among the major findings are that the average cost of production was almost exactly equal to the average milk herd revenue on a per hundredweight basis. All eight farms covered variable costs of producing milk. Five of the eight farms showed a profit when all costs of production were included. All six farms that raised their own replacement heifers lost money on the enterprise. With respect to crop production, corn and corn silage were not profitable enterprises. The hay enterprise was profitable for five of the farms.Productivity Analysis,

2004 MICHIGAN LAND VALUES

Land Economics/Use,

2009 Michigan Land Values and Leasing Rates

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.Farmland, Leasing rates, Rents, Land values, Land Economics/Use,