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Impacts Of Federal Farm Program Payments On Cropland Values And Rental Rates: Evidence From County-Level Data In South Dakota

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  • Janssen, Larry
  • Button, Brian

Abstract

Farmland values, cash rental rates, and federal farm program payments steadily increased in the Northern Plains from 1991 - 2001. Econometric models are used to examine the impacts of Federal farm payments on cropland values and rental rates, statewide and regional,in South Dakota during this time period.

Suggested Citation

  • Janssen, Larry & Button, Brian, 2004. "Impacts Of Federal Farm Program Payments On Cropland Values And Rental Rates: Evidence From County-Level Data In South Dakota," 2004 Annual meeting, August 1-4, Denver, CO 20398, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20398
    DOI: 10.22004/ag.econ.20398
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    References listed on IDEAS

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    1. Gardner, Bruce L., 2002. "U.S. Commodity Policies And Land Prices," Working Papers 28560, University of Maryland, Department of Agricultural and Resource Economics.
    2. Willis Peterson, 1986. "Land Quality and Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 812-819.
    3. Janssen, Larry & Pflueger, Burton, 2002. "South Dakota Farmland Market Trends 1991-2002: Results From The 2002 Sdsu South Dakota Farm Real Estate Survey," C Reports 32042, South Dakota State University, Agricultural Experiment Station.
    4. J. Stephen Clark & Murray Fulton & John T. Scott, 1993. "The Inconsistency of Land Values, Land Rents, and Capitalization Formulas," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 147-155.
    5. Walter E. Chryst, 1965. "Land Values and Agricultural Income: A Paradox?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(5), pages 1265-1273.
    6. Michael T. Belongia, 1985. "Factors behind the rise and fall of farmland prices: a preliminary assessment," Review, Federal Reserve Bank of St. Louis, vol. 67(Aug), pages 18-24.
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    Cited by:

    1. Patton, Myles & Kostov, Philip & McErlean, Seamus & Moss, Joan, 2008. "Assessing the influence of direct payments on the rental value of agricultural land," Food Policy, Elsevier, vol. 33(5), pages 397-405, October.
    2. DeVuyst, Cheryl & DeVuyst, Eric, 2008. "The Impact of Beef Price and Hunting Pressure on Pasture Values in North Dakota," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2008, pages 1-6.
    3. Ana G. Bus y José L. Nicolini-Llosa, 2015. "La renta diferencial agrícola en Argentina en 1986-2008, con datos de panel y co-integración," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 61, pages 53-79, January-D.
    4. Guiling, Pamela & Doye, Damona & Brorsen, B. Wade, 2009. "Why Has the Price of Pasture Increased Relative to the Price of Cropland?," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-13.
    5. Breustedt, Gunnar & Habermann, Hendrik, 2008. "Determinants of agricultural cash rents in Germany: A spatial econometric analysis for farm-level data," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44462, European Association of Agricultural Economists.

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    Keywords

    Land Economics/Use;

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