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The Conservation Reserve Program, Land Values, and Asymmetric Information

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  • Shoemaker, Robbin

Abstract

Asymmetric information and learning contribute a significant impact on the value of enrolled land. In some regions values may have increased as much as $130 per acre with nationwide averages of $65 per acre. For the average value of all U.S. farmland the program may have offset an 8.5% decline in land values for 1986-87 by 0.5 percentage resulting in a measured decline of 8% for the year.

Suggested Citation

  • Shoemaker, Robbin, 1988. "The Conservation Reserve Program, Land Values, and Asymmetric Information," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270152, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea88:270152
    DOI: 10.22004/ag.econ.270152
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    References listed on IDEAS

    as
    1. John E. Floyd, 1965. "The Effects of Farm Price Supports on the Returns to Land and Labor in Agriculture," Journal of Political Economy, University of Chicago Press, vol. 73(2), pages 148-148.
    2. Dicks, Michael R. & Reichelderfer, Katherine & Boggess, William, 1987. "Implementing The Conservation Reserve Program," Staff Reports 277928, United States Department of Agriculture, Economic Research Service.
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