An Overview of U.S. Farm Real Estate Markets
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This paper offers an overview of U.S. farm real estate markets. Major uses of land, location of farm real estate, and ownership patterns are summarized. Characteristics of participants in farm real markets are reviewed. Farm real estate values and rents examined, and factors affecting farm real estate values are reviewed, including the effects of conversion of farm real estate to other uses. Finally, historic returns to farmland owners are summarized.