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Cultivating Precision: Integrating Generative AI into Rural and Agricultural Property Valuation
By Jim Amorin, CAE, MAI, SRA, AI-GRS, CDEI, ASA
The landscape of real estate appraisal is shifting,
and artificial intelligence (AI) is at the heart of this transformation. At the recent ASFMRA conference, my session explored how generative AI is reshaping the valuation of rural and agricultural properties, challenging traditional methodologies, and equipping appraisers with new tools for enhanced precision and efficiency.
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A Case Study Measuring Solar Array Impacts on New York Residential Values
By Donald A. Fisher
This case study examines one process for measuring changes in residential property values near solar farms. Additional questions addressing environmental concerns, livestock grazing, and possible mitigation measures are also identified.
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Current Production Practices for Cover Crops in Southeastern United States
By Madison H. McCay, Yangxuan Liu, Alejandro Plastina, Guy A. Hancock, and Amanda R. Smith
As environmental sustainability awareness grows, the role of cover crops in preserving and enhancing cropland has become increasingly valued. This study surveys 46 farmers from January 28, 2021, to March 31, 2021, in Georgia, Alabama, and Florida to explore current practices in integrating cover crops.
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Recent H-2A Wage Hikes’ Divergent Effects on Workers’ Welfare and Farm Business Viability
By Cesar L. Escalante, Susmita Ghimire, and Shree R. Acharya
Starting in 2023, the H-2A program’s adverse effect wage rate (AEWR) suddenly increased significantly in several states. This article demonstrates the policy’s two conflicting sides.
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What Is Driving Non-Reported National Agricultural Statistics Service Yields?
By W. Hence Duncan, Christopher N. Boyer, S. Aaron Smith, and Eunchun Park
This article explores factors that impact county corn and soybean yields that are not reported by USDA NASS. Factors such as county, land coverage, and average farm size are used to explain the likelihood of a yield being reported.
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An Examination of the Use of Rented Land by Kansas Farmers
By Gregory Ibendahl
An exploratory analysis of Kansas data shows the land rental percentage has remained constant since the end of the 1980s farm crisis with the median farm renting 75% of its cropland acres. These results should provide guidance about the demand for rented farmland.
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Are Indebted Family Farms at Higher Risk of Financial Stress?
By Sarah Atkinson
Four separate measures of farm financial stress were constructed using financial ratios and benchmarks levels. Results indicate that, on average, indebted full-time family farms (7.4%), particularly those with an FSA guaranteed farm loan (9.2%), were at higher risk of financial stress compared to others.
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Trends and Seasonality in Cattle Auction Data from the Southeast
By Matthew Fischer, Anastasia W. Thayer, and Nathan Smith
In this research, we explore the volume and price of feeder steers, bulls, and heifers from 2010 to 2019 for auctions in North Carolina, South Carolina, and Georgia. Using data from 255,651 auction transactions, we show seasonal patterns in volume and prices and suggest changes to marketing.
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By Natalie A. Graff, Joe L. Outlaw, Bart L. Fischer, Henry L. Bryant, and Tryon A. Wickersham
The authors surveyed U.S. ranchers about ranch transition plans and factors resulting in successful transition planning. The results indicate males and respondents over 50 years old are more likely to have a plan. Results also show the impact of net worth and operational structure.
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Spatial Exploration of Drivers in Maryland’s Commercial Poultry Production
By Elizabeth A. Thilmany and Jada M. Thompson
This study utilizes spatial and economic analysis to examine heterogeneous factors driving broiler production concentration at the Census block group level. The resulting findings and visualizations offer farm managers and consultants a tool for assessing broiler production dynamics.
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Are Ranchers Interested in Joining the Carbon Market? Survey Says: Maybe
By Nicole Nimlos, Christopher Bastian, and John Derek Scasta
We present results from a survey administered in January 2024 of 504 ranchers across 10 Great Plains and Front Range states exploring their willingness to join the carbon market, and their reasons for non-participation.
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Do Newer Model Planters Improve Corn Yields?
By Joe Parcell, Weston Guetterman, and Alice Roach
Using a unique subset of National Corn Growers Association yield contest data, the authors evaluated whether newer planter models lead to higher corn yields in situations where producers follow high-yield management practices.
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By Walker Davis , Lawson Connor, Michael Popp, and Shelby Rider
IDespite increased enrollment in Pasture Rangeland and Forage insurance since 2016, Arkansas has seen continued low enrollment and low loss ratios. The authors perform a profitability analysis of three distinct counties in the state across different interval selection strategies and wetness years.