In 1996 the federal government enacted the Federal Agriculture Improvement and Reform (FAIR) Act, which represented a sweeping change in public policy toward agriculture. This paper examines the impact of the FAIR legislation on farmland values across the U.S. Corn Belt. A representative farm...

Tile drainage was first demonstrated in the United States in 1835 as a method to adapt agriculture to excessive water in soils. Subsequently, innovations in coordinated drainage enterprises, engineering, and tile manufacture led to drainage over large portions of the U.S. Midwest and Southeast....