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Effects of Reduced Price and Income Supports on Farmland Rent and Value

Effects of Reduced Price and Income Supports on Farmland Rent and Value Currently, there is a debate about the appropriate form of future farm policy. This paper analyzes the distribution of land prices under the 1985 programs and under a more market orientation. The problem was studied by using results from an econometric simulation model. Results suggest that by 1990, under average conditions, land prices under both the Market and the 1985 program scenarios could be near the long‐run equilibrium levels of $1121 and $1296 per acre, respectively. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Economic Perspective and Policy Wiley

Effects of Reduced Price and Income Supports on Farmland Rent and Value

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References (5)

Publisher
Wiley
Copyright
© Agricultural and Applied Economics Association
ISSN
2040-5790
eISSN
2040-5804
DOI
10.1093/aepp/10.2.177
Publisher site
See Article on Publisher Site

Abstract

Currently, there is a debate about the appropriate form of future farm policy. This paper analyzes the distribution of land prices under the 1985 programs and under a more market orientation. The problem was studied by using results from an econometric simulation model. Results suggest that by 1990, under average conditions, land prices under both the Market and the 1985 program scenarios could be near the long‐run equilibrium levels of $1121 and $1296 per acre, respectively.

Journal

Applied Economic Perspective and PolicyWiley

Published: Jul 1, 1988

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