SUBSIDIZED CREDIT AND INVESTMENT IN AGRICULTURE: THE SPECIAL CASE OF FARM REAL ESTATE

Dean W. Hughes, John B. Penson and Curtis R. Bednarz

No 279062, 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The purpose of this paper is to provide initial estimates of the impact that government farm credit policies have on the market for farm land. Three specific questions are addressed. How have government farm credit programs influenced (1) farm land prices, (2) farm indebtedness and the (3) the fraction of farm land owned by farmers? The paper is divided into three major sections. First, a theoretical model of the farm land market capable of capturing the effects of interest rate subsidies is developed. The second section presents the results of estimating the model and simulating it under different subsidy regimes.1 The final section summarizes the findings of this paper and raises some questions for further research.

Keywords: Demand and Price Analysis; Farm Management; Land Economics/Use (search for similar items in EconPapers)
Pages: 12
Date: 1984-08
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea84:279062

DOI: 10.22004/ag.econ.279062

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