... the relationship between net farm income, cash rents and land values in the state of Kansas and provides insight regarding future land values. Design/methodology/approach This study estimates partial adjustment models for cash rent and land values and uses those results to infer long-run capitalization rates...

... they are related to various market and industry factors. Focus is placed on the more recent period since 2005 characterized by high commodity price levels and volatility. Findings The majority of farmland in the Midwest is controlled under rental agreements which are increasingly of the fixed cash rent type...