Government Policy and Farmland Markets The Maintenance of Farmer Wealth [Hardcover]

Of immeasurable value to lenders, agricultural economists, and a host of agribusinesses this unique volume brings together leading farmland authorities in the United States and Canada to examine the economic determinants of land value and the consequences of change in land values.

As the most basic factor of production in the agricultural enterprise, farmland dominates the agricultural balance sheet, accounting for an average of 70% of all agricultural assets. The authors of this timely book provide expert analysis and review of this subject.

Contributors.

Acknowledgments.

Foreword.

Section I: Historical Perspectives on Farmland Values.

1 Farmland Markets in the Development of U.S. Agriculture (Willard W. Cochrane).

2 Disaggregating Farmland Markets (Philip M. Raup).

3 Farmland Markets: Historical Perspectives and Contemporary Issues (Bruce J. Sherrick and Peter J. Barry).

Section II: Government Policies and Farmland Values.

4 The Economics and Politics of Farmland Values (Andrew Schmitz and Richard E. Just).

5 U.S. Commodity Policies and Land Values (Bruce Gardner).

6 Explaining Regional Differences in the Capitalization of Policy Benefits into Agricultural Land Values (Barry K. Goodwin, Ashok K. Mishra, and FranFois N. Ortalo-Magne)

7 Do Direct Payments Have Inter-Temporal Effects on U.S. Agriculture? (Terry Roe, Agapi Somwaru, and Xinshen Diao).

8 Economies of Farm Size, Government Payments, and Land Costs (Luther Tweeten and Jeffrey Hopkins).

Section III: Capital Markets and Farmland Values.

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