@article{Scott:283605,
      recid = {283605},
      author = {Scott, John T.},
      title = {Returns on Corn-Soybean Farms by Size of Unit and  Implications for Land Values},
      address = {1977-07},
      number = {2177-2019-336},
      pages = {148},
      year = {1977},
      abstract = {Use of the Illinois Farm Business Records is made to  obtain costs by size of unit and levels of physical  production. These costs are compared with different price  levels (either market or target) and the residual return is  related to land values under selected land purchase  circumstances occurring in the market. Results show that  the cost of producing corn ranges from $1.20 to $1.40 if no  cost is assigned to land. When land costs are added at 5%  interest on a "normal" land value, costs per bushel of corn  are approximately $2. 00 or somewhat more. Non-land costs  of producing corn went up approximately 25% from 1974 to  1976. The effect of costs is different on tenants than  landowners, because cash costs for a landlord are a smaller  proportion of total costs than for a tenant unless the  landowners have substantial land debt. There are many  factors other than rate of return which affect land prices  giving a much less than perfect correlation between land  prices and land returns. Some of these factors are  discussed.},
      url = {http://ageconsearch.umn.edu/record/283605},
      doi = {https://doi.org/10.22004/ag.econ.283605},
}