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

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

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...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Journal of the American Society of Farm Managers and Rural Appraisers 2013-01, p.54-60
Hauptverfasser: Stephens, Steve, Schurle, Bryan
Format: Artikel
Sprache:eng
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 60
container_issue
container_start_page 54
container_title Journal of the American Society of Farm Managers and Rural Appraisers
container_volume
creator Stephens, Steve
Schurle, Bryan
description 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 different factors that influence land prices.
format Article
fullrecord <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_journals_1372334481</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>jasfmra.2013.54</jstor_id><sourcerecordid>jasfmra.2013.54</sourcerecordid><originalsourceid>FETCH-LOGICAL-j571-562964a020e0d3c6bb22f9064cca33d2a33db6bbcd22db05b97e38b4a90483923</originalsourceid><addsrcrecordid>eNotjU1LxDAYhHNQcF39DwE9buFN3vQjR1n8WKgo2oO3kK9iS9vUpHvw39tlvcwww8PMBdkAAGaMFV9X5DqlHoCXiPmGyMM4a7vQ0NIP3U2tHoYd_dSDT_TVL9_B7aieHG260dMw0foU3mNnfbohlyud_O2_b0nz9NjsX7L67fmwf6izPi9ZlhdcFkIDBw8ObWEM562EQlirER0_iVlb6zh3BnIjS4-VEVqCqFBy3JK78-wcw8_Rp0X14Rin9VExLDmiEBVbqfsz1aclRDXHbtTxV_U6tWPUigNDlQv8Ayh-TDM</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1372334481</pqid></control><display><type>article</type><title>Impact of Rainfall, Sales Method, and Time on Land Prices</title><source>Jstor Complete Legacy</source><creator>Stephens, Steve ; Schurle, Bryan</creator><creatorcontrib>Stephens, Steve ; Schurle, Bryan</creatorcontrib><description>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 different factors that influence land prices.</description><identifier>ISSN: 0003-116X</identifier><language>eng</language><publisher>Denver: American Society of Farm Managers and Rural Appraisers (ASFMRA)</publisher><ispartof>Journal of the American Society of Farm Managers and Rural Appraisers, 2013-01, p.54-60</ispartof><rights>2013 American Society of Farm Managers and Rural Appraisers</rights><rights>Copyright American Society of Farm Managers and Rural Appraisers 2013</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/jasfmra.2013.54$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/jasfmra.2013.54$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,57995,58228</link.rule.ids></links><search><creatorcontrib>Stephens, Steve</creatorcontrib><creatorcontrib>Schurle, Bryan</creatorcontrib><title>Impact of Rainfall, Sales Method, and Time on Land Prices</title><title>Journal of the American Society of Farm Managers and Rural Appraisers</title><description>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 different factors that influence land prices.</description><issn>0003-116X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><recordid>eNotjU1LxDAYhHNQcF39DwE9buFN3vQjR1n8WKgo2oO3kK9iS9vUpHvw39tlvcwww8PMBdkAAGaMFV9X5DqlHoCXiPmGyMM4a7vQ0NIP3U2tHoYd_dSDT_TVL9_B7aieHG260dMw0foU3mNnfbohlyud_O2_b0nz9NjsX7L67fmwf6izPi9ZlhdcFkIDBw8ObWEM562EQlirER0_iVlb6zh3BnIjS4-VEVqCqFBy3JK78-wcw8_Rp0X14Rin9VExLDmiEBVbqfsz1aclRDXHbtTxV_U6tWPUigNDlQv8Ayh-TDM</recordid><startdate>20130101</startdate><enddate>20130101</enddate><creator>Stephens, Steve</creator><creator>Schurle, Bryan</creator><general>American Society of Farm Managers and Rural Appraisers (ASFMRA)</general><general>American Society of Farm Managers and Rural Appraisers</general><scope>3V.</scope><scope>7RQ</scope><scope>7WY</scope><scope>7X2</scope><scope>7XB</scope><scope>883</scope><scope>8FE</scope><scope>8FH</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AEUYN</scope><scope>AFKRA</scope><scope>ATCPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BHPHI</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>GNUQQ</scope><scope>HCIFZ</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0F</scope><scope>M0K</scope><scope>PATMY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>PYCSY</scope><scope>PYYUZ</scope><scope>Q9U</scope><scope>S0X</scope><scope>U9A</scope></search><sort><creationdate>20130101</creationdate><title>Impact of Rainfall, Sales Method, and Time on Land Prices</title><author>Stephens, Steve ; Schurle, Bryan</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-j571-562964a020e0d3c6bb22f9064cca33d2a33db6bbcd22db05b97e38b4a90483923</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><toplevel>online_resources</toplevel><creatorcontrib>Stephens, Steve</creatorcontrib><creatorcontrib>Schurle, Bryan</creatorcontrib><collection>ProQuest Central (Corporate)</collection><collection>Career &amp; Technical Education Database</collection><collection>ABI/INFORM Collection</collection><collection>Agricultural Science Collection</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Trade &amp; Industry (Alumni Edition)</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Natural Science Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest One Sustainability</collection><collection>ProQuest Central UK/Ireland</collection><collection>Agricultural &amp; Environmental Science Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>Natural Science Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Business Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>SciTech Premium Collection</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Trade &amp; Industry</collection><collection>Agricultural Science Database</collection><collection>Environmental Science Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>Environmental Science Collection</collection><collection>ABI/INFORM Collection China</collection><collection>ProQuest Central Basic</collection><collection>SIRS Editorial</collection><jtitle>Journal of the American Society of Farm Managers and Rural Appraisers</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Stephens, Steve</au><au>Schurle, Bryan</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Impact of Rainfall, Sales Method, and Time on Land Prices</atitle><jtitle>Journal of the American Society of Farm Managers and Rural Appraisers</jtitle><date>2013-01-01</date><risdate>2013</risdate><spage>54</spage><epage>60</epage><pages>54-60</pages><issn>0003-116X</issn><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 different factors that influence land prices.</abstract><cop>Denver</cop><pub>American Society of Farm Managers and Rural Appraisers (ASFMRA)</pub><tpages>7</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0003-116X
ispartof Journal of the American Society of Farm Managers and Rural Appraisers, 2013-01, p.54-60
issn 0003-116X
language eng
recordid cdi_proquest_journals_1372334481
source Jstor Complete Legacy
title Impact of Rainfall, Sales Method, and Time on Land Prices
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-25T20%3A02%3A09IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Impact%20of%20Rainfall,%20Sales%20Method,%20and%20Time%20on%20Land%20Prices&rft.jtitle=Journal%20of%20the%20American%20Society%20of%20Farm%20Managers%20and%20Rural%20Appraisers&rft.au=Stephens,%20Steve&rft.date=2013-01-01&rft.spage=54&rft.epage=60&rft.pages=54-60&rft.issn=0003-116X&rft_id=info:doi/&rft_dat=%3Cjstor_proqu%3Ejasfmra.2013.54%3C/jstor_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1372334481&rft_id=info:pmid/&rft_jstor_id=jasfmra.2013.54&rfr_iscdi=true