THE 1996 FAIR ACT: MEASURING THE IMPACTS ON LAND LEASING

Lucas D. Parsch, Ralph W. Bierlen, Bruce Ahrendsen and Bruce L. Dixon

No 20892, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Major innovations of the 1996 FAIR Act are PFC payments and almost complete planting flexibility. Because payments are attached to the land and not production, landlords are thought to capture most of the PFC payments. With the use of a November 1997 operator survey of cropland leasing arrangements in the Mississippi Delta of Arkansas, the current study investigates changes in crop mixes on leased land, operator attitudes concerning the operator/landlord sharing of FAIR Act benefits, and changes in leasing arrangements as a results of the FAIR Act. Although a number of operators agree that landlords disproportionately benefit from the FAIR Act, about three-quarters felt that there was not change or had no opinion. Similarly, we find little evidence that the arrangements of existing leases changed as a result of the FAIR Act. However, a number of operators report that leases were either terminated or added as a result of the FAIR Act.

Keywords: Agricultural and Food Policy; Public Economics (search for similar items in EconPapers)
Pages: 14
Date: 1998
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Related works:
Journal Article: The 1996 FAIR Act: Measuring the Impacts on Land Leasing (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20892

DOI: 10.22004/ag.econ.20892

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