THE EFFECTIVENESS OF GOVERNMENT POLICIES TO ALLEVIATE AGRICULTURAL DISTRESS: A CASE STUDY OF THE 1930's
Randal R. Rucker and
No 259419, Department of Economics and Business - Archive from North Carolina State University, Department of Economics
Farm failure rates in the U. S. reached historic heights in the inter-war years. We estimate the dynamic relationship between farm earnings and farm failures and assess the effectiveness of government intervention - state farm foreclosure moratoria, an expanded federal role in farm mortgage lending, and the programs instituted under the Agricultural Adjustment Administration. Our empirical results indicate that the influence of past earnings on farm failures is important and complex. Our counterfactual estimates of a world without government programs suggest that government intervention saved about two hundred thousand farms from failure.
Keywords: Agricultural and Food Policy; Public Economics (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:ncbuar:259419
Access Statistics for this paper
More papers in Department of Economics and Business - Archive from North Carolina State University, Department of Economics
Bibliographic data for series maintained by AgEcon Search ().