I think it all depends upon the crops you wish to grow. Vegetables, small grains, corn, etc. which also often go hand in hand with livestock.
One should balance rainfall with cost of land, i.e. a lower rainfall area such as western Kansas has fairly cheap land, but you are limited as to yields, stocking rate of pastures, etc.
To me selecting an area would be based on weather, soils, and especially water availability. Neither real hot nor cold, and I would also look at past records to determine storms for an area. Doesn't do much good to grow a high yielding crop if it gets hailed out 3 or 5 years or ones buildings are apt to get damaged by strong winds or tornadoes.
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