The proportions of land values generated by farm program payments and farm returns are examined using an extended income capitalization model. The extended income capitalization model addresses the identification issue introduced by the counter-cyclical nature of farm program payments and farm...

The proportion of land values generated by farm program payments and farm returns are examined using an extended income capitalization model. The extended income capitalization model addresses the identification issue introduced by the counter-cyclical nature of farm program payments and farm...

A simultaneously determined model for farm size and government payments along with the incorporation of a recursive impact of government payments and agricultural returns was used to examine farm size changes nationally and regionally. The results clearly demonstrated resource substitution...

The impact of the price of capital, nonfarm employment opportunities, and returns in agriculture on farm size was analyzed. A 10 region panel model using data for 1950-2000 was used. The impact of agricultural government payments was also examined. The results demonstrated the capital-labor...

Using a non-parametric linear programming approach, our contribution is (1) to examine if efficiency gains in hog production are realized due to vertical integration and (2) to demonstrate the efficiency gains that are realized are a product of economies of scope and scale. The model uses U.S....

Relative estimates of the proportion of agricultural land values generated by farm program payments and farm returns in the southern region are examined, using state-level data for the period 1940 to 2004. Results indicate the contribution of farm program payments to agricultural land values in...