Farmland prices in the Midwest :a regional economic perspective

Abstract

Agriculture is a significant industry within the United States. This paper will start by providing an overview of agriculture in the United States. General information will then be provided about farmland in the Midwest. Third, supply and demand will be explained in terms relative to these markets. Finally, the supply and demand tools will be used to analyze various factors affecting farmland prices in the Midwest. Overall, a more complete understanding of these markets will be possible as conclusions are drawn at the end of this paper.