Journal Article

Noncash Income Transfers and Agricultural Land Values

Mykel R. Taylor and Gary W. Brester

in Applied Economic Perspectives and Policy

Published on behalf of Agricultural and Applied Economics Association

Volume 27, issue 4, pages 526-541
Published in print January 2005 | ISSN: 2040-5790
Published online January 2005 | e-ISSN: 2040-5804 | DOI: http://dx.doi.org/10.1111/j.1467-9353.2005.00262.x
Noncash Income Transfers and Agricultural Land Values

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Several studies have considered the impact of government cash income transfers to agricultural producers on agricultural land prices. This study examines the effects of a noncash income transfer on agricultural land prices. The impact of the U.S. sugar program on irrigated land prices in Montana is evaluated using a hedonic regression model. The model considers the impacts of sugar beet price and land characteristics on land prices. The results indicate that noncash income transfers generated by the U.S. sugar program have been capitalized into cropland prices.

Keywords: Q110; Q150; Q180

Journal Article.  6755 words.  Illustrated.

Subjects: Agricultural Economics

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