Vegetable Spirits and Energy Policy
Charles Towe () and
Constant Tra ()
American Journal of Agricultural Economics, 2013, vol. 95, issue 1, 1-16
Abstract:
This study investigates the extent to which the 2005 Energy Policy Act, specifically the ethanol mandate, contributed to the rise in farmland values. We use the location of new ethanol plants to identify the capitalization effect of the mandate by these spatially advantaged operations. We use a difference-in-difference propensity score matching estimator to control for the non-random selection of ethanol production facilities. The empirical strategy uses farmland parcel values from the 2001--7 June Agriculture Survey. We find that new ethanol facilities had no effect on nearby farmland values prior to the mandate but had statistically significant effects after the policy. Copyright 2013, Oxford University Press.
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (16)
Downloads: (external link)
http://hdl.handle.net/10.1093/ajae/aas079 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:95:y:2013:i:1:p:1-16
Access Statistics for this article
American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu
More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().