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,

2006 Michigan Land Values and Leasing Rates

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,

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,

USING A MULTIPLE PRODUCT AND MULTIPLE INPUT APPROACH TO DAIRY PROFIT MAXIMIZATION: A SIMULATION USING OPERATIONS RESEARCH METHODS

Dairy producers generally take a single output/multiple input approach when making production decisions. Under component pricing, with large variance in individual component prices, a multiple output/multiple input approach maximizes profits. This paper applied our approach to the individual farm milk production decision.Livestock Production/Industries, Productivity Analysis,

Market Segments and Farmer Preferences for Financial Record Systems

farm management, accounting systems, Farm Management,

RISK IN HUMAN RESOURCE MANAGEMENT AND IMPLICATIONS FOR EXTENSION PROGRAMMING - RESULTS OF FOCUS GROUP DISCUSSIONS WITH DAIRY AND GREEN INDUSTRY MANAGERS

Employees are both a source of risk and means of addressing risk, and good employee management practices can increase risk resilience. Forty green industry managers and 22 dairy managers discussed personnel issues related to their industry. Influx of Hispanic labor has changed personnel management and the focus of risk management.Teaching/Communication/Extension/Profession,