GOVERNMENT PAYMENTS TO FARMERS AND REAL AGRICULTURAL ASSET VALUES IN THE 1980S

This study determines the effect of government payments on real agricultural asset values using Bayesian vector autoregression. In developing the empirical model, special attention is focused on the informational content of government payments. The results indicate that government payments to farmers have little effect on real asset values in the long run. In the short run, an increase in government payments to farmers may be associated with decline in asset values.


Issue Date:
1989-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/30097
Published in:
Southern Journal of Agricultural Economics, Volume 21, Number 2
Page range:
139-153
Total Pages:
15




 Record created 2017-04-01, last modified 2017-08-24

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