We review the recent theoretical and empirical literature on the capitalization of agricultural subsidies into land prices. The theoretical literature predicts that agricultural subsidies are capitalized into land prices when land supply is inelastic and land markets function well. The share of...

We review the recent theoretical and empirical literature on the capitalization of agricultural subsidies into land prices. The theoretical literature predicts that agricultural subsidies are capitalized into land prices when land supply is inelastic and land markets function well. The share of...

The annual net decline in the number of farms is explained by using the lagged number of farms to account for the longrun trend and several variables representing economic conditions. The trend provides most of the explanatory power during 1960-74, while prices, land values, and interest rates...

Corn ethanol plants consume large amounts of corn and their location has the potential to alter local crop prices and surrounding agricultural land values. The relationship between ethanol plant location and agricultural land prices is examined using data obtained from the Agricultural Credit...

Nonagricultural factors impact land values to cause a divergence of discounted cash rents for agricultural land and land values in Georgia. General economic factors are represented by per capita income in nonmetro areas. Cash rents for cropland and pasture have positive impacts on land values....

Nonagricultural factors impact land values to cause a divergence of discounted cash rents for agricultural land and land values. Focus is given to the portion of land values attributable to discounted cash rents. Unique characteristics for cropland and pasture lead to differences in...

We glean information about shale gas development by studying farm real estate values over time. Looking at the Barnett Shale (Texas) and the northeastern part of the Marcellus Shale (Pennsylvania and New York), we find that development caused appreciation in both areas but the effect was much...

The Native Vegetation Conservation Act was introduced on January 1st 1998 to limit the clearing of native grassland and woodland in NSW. The Act has limited clearing and development to crops, has protected biodiversity, and may have enhanced soil and water conservation. But this analysis of the...