Chapter

The Buck Stops Where?: The Distribution of Agricultural Subsidies

Barry K. Goodwin, Ashok K. Mishra and François Ortalo-Magné

in The Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies

Published by University of Chicago Press

Published in print March 2012 | ISBN: 9780226988030
Published online February 2013 | e-ISBN: 9780226988061 | DOI: http://dx.doi.org/10.7208/chicago/9780226988061.003.0002
The Buck Stops Where?: The Distribution of Agricultural Subsidies

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This chapter illustrates that the capture of agricultural policy benefits by the initial land owners is not new. It contributes to the understanding of the distribution of farm subsidies in several ways. First, it investigates the differential impact of the principal farm programs because the breakdown of government payments at both the farm and the county level can both be observed. Second, because the location of each farm is known, nonagricultural pressures on the land can be controlled for and how they affect its value can be determined. This puts observers in a unique position to be able to assess directly the extent to which owners and farmer operators share the benefits of various agricultural programs, a useful complement to the indirect assessment that can be obtained from investigating land values.

Keywords: farm subsidies; farm programs; U.S. farm legislation; Agricultural Censuses; Agricultural Economics Land Owners Survey

Chapter.  14471 words.  Illustrated.

Subjects: Economic Development and Growth

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