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How Technological Progress and Government Programs Influence Agricultural Land Values

Author

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  • Shoemaker, Robbin

Abstract

Technological change mitigates the upward pressure on land values caused by growth in population and other factors by increasing the “effective” supply of land. Without technological change during the postwar period, land values would be substantially higher. Government acreage reduction programs, by creating an artificial scarcity of land, have counteracted some of the effects of technological change and placed upward pressure on farmland values.

Suggested Citation

  • Shoemaker, Robbin, 1990. "How Technological Progress and Government Programs Influence Agricultural Land Values," Agricultural Information Bulletins 309521, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:309521
    DOI: 10.22004/ag.econ.309521
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    Cited by:

    1. Tezcan, Ahmet & Büyüktaş, Kenan & Akkaya Aslan, Şerife Tülin, 2020. "A multi-criteria model for land valuation in the land consolidation," Land Use Policy, Elsevier, vol. 95(C).
    2. Shaik, Saleem, 2007. "Farm Programs And Land Values In Mountain States: Alternative Panel Estimators," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 10256, Western Agricultural Economics Association.
    3. Denbaly, Mark & Vroomen, Harry, 1991. "Elasticities of Fertilizer Demands for Corn in the Short and the Long Run: A Cointegrated and Error-Correcting System," Staff Reports 278575, United States Department of Agriculture, Economic Research Service.
    4. Shaik, Saleem & Atwood, Joseph A. & Helmers, Glenn A., 2012. "Did 1933 new deal legislation contribute to farm real estate values: A regional analysis," Journal of Policy Modeling, Elsevier, vol. 34(6), pages 801-816.

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