publication . Article . Other literature type . 2013

Impact of Rainfall, Sales Method, and Time on Land Prices

Stephens, Steve; Schurle, Bryan; Stephens, Steve; Schurle, Bryan;
Open Access
  • Published: 01 Jan 2013
Abstract
Land prices in Western Kansas are analyzed using regression to estimate the influence of rainfall, sales method, and time of sale. The estimates from regression indicate that land prices decreased about $27 for each range that was farther west which can be converted to about $75 per inch of average rainfall. In addition, the influence of method of sale (private sale or auction) is estimated along with the impact of time of sale. Auction sales prices are approximately $100 higher per acre than private sales, and prices have been increasing by about $10 per month. Regression is shown to be a very useful tool to support adjustments in appraisals for several differe...
Subjects
free text keywords: farmland prices in western Kansas, regression, appraisal of farmland, Financial Economics, Land Economics/Use,, Financial Economics, Land Economics/Use, farmland prices in western Kansas, regression, appraisal of farmland

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publication . Article . Other literature type . 2013

Impact of Rainfall, Sales Method, and Time on Land Prices

Stephens, Steve; Schurle, Bryan; Stephens, Steve; Schurle, Bryan;