Dynamic Relationships between Farm Real Estate Values and Federal Farm Program Payments

Autor:	Saleem Shaik, Dragan Miljkovic
Jazyk:	angličtina
Rok vydání:	2010
Předmět:	dynamics farm program payments farm real estate values u.s. data 1933-2006 vector error correction model Agriculture
Zdroj:	Journal of Agricultural and Resource Economics, Vol 35, Iss 1, Pp 153-165 (2010)
Druh dokumentu:	article
ISSN:	1068-5502 2327-8285
DOI:	10.22004/ag.econ.61069
Popis:	This study examines the dynamic relationships among farm real estate values, farm returns, farm program payments, and real interest rates in an income capitalization model. Endogeneity is assumed among the variables in a dynamic framework because the direction of causality is unclear from a theoretical standpoint. The analysis encompasses the period beginning with the introduction of the first farm bill in 1933 and ending in 2006. Results indicate farm program payments have positive direct impacts in the short run and positive indirect impacts (via farm returns) in the long run on farm real estate values.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/e3cee0698527403b8ca5098a79f11f66 Zobrazit plný text záznamu View record in DOAJ