Open PRAIRIE: Open Public Research Access Institutional Repository and Information Exchange
Abstract
The paper provides a detailed discussion of how the land bid prices were estimated. First, a description of the farm and its cost structure is provided. Second, the implications of the federal farm program to the revenues and costs of the farming operation are discussed. Third, the development of the farming operation\u27s fixed cost estimates are presented. The final section presents the estimated land values and a discussion of the possible outlook for agricultural farm prices
